According to sources, Dollar General is raising its bid for Family Dollar to $80 per share, with CNBC's Andrew Ross Sorkin.
To look at some of the recent economic data, one would think the consumer is in great shape. But corporate America has another opinion.
Stocks fell on Thursday, pulling the S&P 500 below 2,000, as concerns about Ukraine overtook upbeat reports on the economy and labor.
Stock futures reduced their drop Thursday, after the second estimate for second-quarter economic growth came in better than expected.
Some of the names on the move ahead of the open.
Dollar General reported Q2 EPS of $0.83 ex-items on revenue of $4.72 billion. Anthony Chukumba, BB&T Capital Markets, shares his take on the bidding war for Family Dollar.
Dollar General said it remained committed to acquiring rival Family Dollar and reported a 7.5 percent rise in quarterly sales.
You can’t turn around without hearing the S&P 500 printed 2,000, again, making another record. Can stocks possibly go higher?
Geopolitical headlines could rattle markets in the week ahead as focus shifts away from the Fed.
Stocks rose Thursday as investors anticipate a dovish tone from Federal Reserve Chair Janet Yellen on Friday.
Some of Thursday's midday movers:
CNBC's David Faber reports Family Dollar has rejected Dollar General's $78.50 per share bid over antitrust concerns. Family Dollar director and Trian Fund Management co-founder Ed Garden, shared his response.
Family Dollar Stores said on Thursday its board unanimously rejected Dollar General's buyout offer due to antitrust considerations.
Dollar Tree reported a 2.6 percent fall in quarterly profit as costs increased.
Billionaire investor Carl Icahn revealed he owns an 8.5 percent stake in Hertz and plans to pressure the rental car company's management.
Family Dollar wouldn't have been acquired without his prodding, activist investor Carl Icahn says.
Icahn Enterprises Chairman Carl Icahn, discusses the bidding war for Family Dollar, and Chief Executive Howard Levine's handling of the takeover bids. "This wasn't going to happen at this company if we hadn't appeared," he says.
Dollar General made a competing bid for Family Dollar on Monday trumping the offer by Dollar Tree. Icahn Enterprises Chairman Carl Icahn, says he had a friendly dinner with Family Dollar Chief Executive Howard Levine and some of his board, in which the company claimed Icahn is to blame Dollar General wasn't interested.
Stocks rose on Monday as Ukraine and Russia talked about a potential truce and a round of M&A bolstered sentiment.
Dollar General has officially offered to buy Family Dollar weeks after Dollar Tree made its surprise bid. CNBC's Courtney Reagan has all the details.