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Dollar General Corp

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  • UPDATE 1-Nelson Peltz slashes stake in Family Dollar Tuesday, 27 Jan 2015 | 7:11 AM ET

    Jan 27- Investor Nelson Peltz's Trian Fund Management LP slashed its stake in Family Dollar Stores Inc by more than two-thirds to 2.07 percent, days after the company's shareholders agreed to Dollar Tree Inc's $8.5 billion buyout offer. Garden also served on a committee of four directors that oversaw Family Dollar's review of strategic alternatives...

  • Nelson Peltz cuts stake in Family Dollar Tuesday, 27 Jan 2015 | 6:25 AM ET

    Jan 27- Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. Family Dollar's shareholders approved an $8.5 billion deal last week to be bought by Dollar Tree...

  • Cramer's 8 signs the market's healthy to invest Monday, 26 Jan 2015 | 6:17 PM ET
    Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheer at exit poll results in Athens, January 25, 2015.

    Is the market sick or healthy? Jim Cramer has 8 signs that show a strong market.

  • Jan 22- Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc, which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc.. On Thursday, Family Dollar shareholders approved a cash-and-stock deal to be bought by Dollar Tree for $8.5 billion,...

  • Family Dollar shareholders approve Dollar Tree deal Thursday, 22 Jan 2015 | 10:45 AM ET
    Family Dollar

    Family Dollar approved the discount retailer's deal to be bought by Dollar Tree, derailing a higher hostile offer from larger rival Dollar General.

  • Jan 22- Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, derailing a higher hostile offer from larger rival Dollar General Corp.. Reuters, citing people familiar with the matter, reported on Wednesday that Family Dollar's shareholders would likely support the Dollar Tree merger.

  • Family Dollar shareholders approve Dollar Tree deal Thursday, 22 Jan 2015 | 9:32 AM ET

    Jan 22- Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, effectively putting Dollar General Corp out of the race to buy the company.

  • NEW YORK, Jan 21- Family Dollar Stores Inc shareholders will vote on Thursday on an agreement to be bought by fellow discount retailer Dollar Tree Inc, possibly putting an end to a months-long tussle with Dollar General Corp.. Traders in the options market appear to be betting on a Dollar Tree win and have been positioning for Dollar General shares to come under...

  • UPDATE 2-Dollar General seen losing Family Dollar bid Thursday, 15 Jan 2015 | 12:49 PM ET

    Jan 15- Dollar General Corp stuck to its estimate of divesting 1,500 stores to win approval for its bid to buy Family Dollar Corp, a move that analysts said could end up handing the company to Dollar Tree Inc.. Dollar General's statement comes a day after two influential proxy advisory firms changed their stance, advising Family Dollar's shareholders to vote for...

  • Dollar General also said the Federal Trade Commission's method to predict potential price increases due to a combination of the company with Family Dollar was controversial and untested. Family Dollar said on Monday that regulators would want many more than 1,500 stores divested by Dollar General and estimated the figure to be around 3,500-4,000. It also...

  • Jan 15- Dollar General Corp said it does not expect to divest more than 1,500 stores to gain regulatory approval for its bid to buy smaller rival Family Dollar Corp. Dollar General also said it had discussions with potential buyers for the stores that may be divested. Family Dollar said on Monday that regulators would want many more than 1,500 stores divested by...

  • Jan 14- Changing their previous stance, two influential proxy advisory firms advised Family Dollar Stores Inc shareholders to vote for the retailer's acquisition by Dollar Tree Inc, saying the deal offered more certainty of closure. The proxy advisory firm had asked Family Dollar's shareholders in December to oppose Dollar Tree's $8.5 billion...

  • Jan 14- Institutional Shareholder Services advised Family Dollar Stores Inc shareholders to vote for the retailer's acquisition by Dollar Tree Inc, reversing its previous stance. ISS asked Family Dollar's shareholders in December to oppose Dollar Tree's $8.5 billion cash-and-stock offer, delay voting on the deal and consider Dollar General Corp's...

  • ISS changes stance, backs Family Dollar-Dollar Tree deal Wednesday, 14 Jan 2015 | 10:22 AM ET

    Jan 14- Proxy advisory firm Institutional Shareholder Services advised Family Dollar Stores Inc's shareholders to vote for the retailer's deal to be acquired by Dollar Tree Inc, reversing its previous recommendation. ISS had asked Family Dollar's shareholders in December to oppose the Dollar Tree offer and postpone a Dec. 23 meeting to vote on the deal.

  • Early movers: TIF, DLTR, CZR, MS, GM & more Monday, 12 Jan 2015 | 7:58 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar had previously disclosed that state attorneys general...

  • Discounting nearly halves Family Dollar 1Q profit Thursday, 8 Jan 2015 | 12:21 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Family Dollar Stores, the target of two rival U.S. dollar store chains, reported a 47 percent drop in profit as margins fell due to big discounting.

  • Family Dollar is being pursued by both Dollar General Corp and Dollar Tree Inc, which see an acquisition of the company as way to help fend off rising competition from Wal-Mart Stores Inc and Amazon.com Inc.. Family Dollar has agreed to be bought by smaller rival Dollar Tree for about $8.5 billion in cash and stock, saying Dollar General's $9.1 billion all-cash...

  • Family Dollar 1st-qtr profit nearly halves Thursday, 8 Jan 2015 | 7:15 AM ET

    Jan 8- Family Dollar Stores Inc, the target of two rival U.S. dollar store chains, reported a 47 percent drop in quarterly profit as margins fell due to higher discounting. The No. 2 U.S. discount retailer's net income fell to $41.4 million, or 36 cents per share, in the first quarter ended Nov. 29, from $78 million, or 68 cents per share, a year earlier. The company's...