Nelson Peltz's hedge fund cut its Family Dollar Stores stake by 66 percent, according to an SEC filing.» Read More
Nov 20- Discount retailer Dollar Tree Inc raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.. Dollar Tree, which like other discounters is facing competition from small-format stores opened by big retailers such as Wal-Mart Stores Inc, will become the largest dollar store chain if it pulls off...
Nov 20- Discount retailer Dollar Tree Inc reported its strongest growth in quarterly same-store sales since 2011.. Dollar Tree's net income rose 6 percent to $133 million, or 64 cents per share, in the third quarter ended Nov. 1. Dollar Tree has agreed to buy Family Dollar Inc but the deal is facing a challenge from Dollar General Corp, the No. 1 U.S. discount chain.
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Some of Wednesday's midday movers:
A perfect storm is brewing for bipartisan health-care reform, says former Rep. Pete Hoekstra.
*Oplink jumps, to be bought by Koch Industries' subsidiary. *Cliffs Natural Resources shares slide. NEW YORK, Nov 19- U.S. stocks were set to open slightly lower on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of minutes from the most recent Federal Reserve policy meeting.
Some of the names on the move ahead of the open.
*Cliffs Natural Resources shares slide. NEW YORK, Nov 19- U.S. stock index futures were little changed on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of housing data and minutes from the most recent Federal Reserve policy meeting. *Cliffs Natural Resources said it was looking to exit its Eastern Canadian iron ore operations,...
Dollar General may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar.
In just a month, Apple has added more value than the entire worth of companies like McDonald's, Boeing and Goldman Sachs.
The "Fast Money" traders share their final trades of the day.
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Oct 31- Dollar General Corp extended its tender offer for shares of Family Dollar Stores Inc to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc.. Dollar General had received offers for only about 4 million Family Dollar shares of a total 114 million outstanding shares as of Oct. 30, a day before the offer was to expire.
Oct 31- Dollar General Corp extended for the second time its tender offer to acquire shares of Family Dollar Stores Inc, as less than 4 percent of Family Dollar's shares had been tendered so far. Family Dollar, which has spurned Dollar General's takeover approaches twice, citing anti-trust concerns, has been pushing for a lower cash-and-stock deal from Dollar...
Things are changing rapidly in these final days before the midterm election. Is it enough to tip the scales in favor of the GOP?
Elliott Management sent a letter to Family Dollar's board, nominating seven new directors on Friday.
Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Dollar General's offer is "clearly superior" to Dollar Tree Inc's bid, Elliott said in a letter to Family Dollar's board and Chief Executive...
Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Elliot holds a stake of about 4.9 percent in Family Dollar, the hedge fund said in a statement on Friday. Dollar General's offer was "clearly...
Politicians are jumping on the Ebola bandwagon as a campaign tactic, but will it sway the midterm elections?
According to a new study by Kantar Retail, Dollar General took the low-price crown for a third year in a row.