May auto sales are expected to be robust when they are reported Tuesday, even as the consumer showed just a so-so willingness to spend in April.» Read More
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...
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...
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Family Dollar, the second largest U.S. discount retailer, said it adjourned the meeting as there were not enough votes to adopt the Dollar Tree agreement. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all-cash bids from bigger rival Dollar General Corp, citing antitrust concerns.
Dec 23- Family Dollar Inc adjourned a special meeting of shareholders to vote on the company's potential acquisition by smaller rival Dollar Tree Inc to Jan. 22 from Tuesday. Family Dollar said it adjourned the meeting as there were not enough votes to adopt the Dollar Tree agreement. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and...
A Family Dollar spokesman said the special shareholder meeting to vote on the Dollar Tree deal remains scheduled for Dec. 23. Family Dollar has agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all cash bids from bigger rival Dollar General Corp, citing antitrust concerns. Dollar General took its $9.1 billion...
Dec 19- Family Dollar Inc will delay a shareholder vote on the potential acquisition by Dollar Tree Inc, CNBC said, citing sources. Family Dollar will start the shareholder meeting and then adjourn it, CNBC said. Family Dollar, which rejected an $80 per-share bid from larger rival Dollar General Corp for a lower cash-and-stock deal from Dollar Tree, had earlier...
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Dollar General reined in its full-year sales forecast and said it remained committed to buying Family Dollar Stores.
Discussing if Dollar General's deal with Family Dollar will happen, and Costco's success, with Charles Grom, Sterne Agee.
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The potential Dollar General purchase of Family Dollar would be a "big deal" in the retail space, especially for investors, says Patrick McKeever, managing director and senior equity analyst at MKM Partners.
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Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011.