To look at some of the recent economic data, one would think the consumer is in great shape. But corporate America has another opinion.» Read More
*Dollar General offers to buy Family Dollar. *Russia said all issues related to it sending a humanitarian convoy to Ukraine had been resolved but said no progress has been made in talks toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.
Some of the names on the move ahead of the open.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.
Dollar General is making a bid to buy Family Dollar for about $9.7 billion. Joe Feldman, Telsey Advisory Group, discusses the likelihood of whether Dollar Tree could come back with a counter bid.
Dollar General, the nation's largest dollar-store chain, started a bidding war on Monday when it offered approximately $8.95 billion for rival Family Dollar. It was an attempt to trump Dollar Tree, which agreed to acquire Family Dollar for $8.5 billion made last month.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $78.50 per share in cash, trumping an offer by Dollar Tree Inc. The deal, at an enterprise value of $9.7 billion, was proposed in a letter to Family Dollar's board.
CNBC's Andrew Ross Sorkin reports Dollar General is making a bid to buy Family Dollar for about $9.7 billion. The combined company would have 20,000 stores.
Dollar General jumped after making a bid for retailer Family Dollar, a rival discount store. The offer topped a bid made last month by Dollar Tree, another discount retailer. Investors had become skittish on concerns that the tensions between Russia and Ukraine were escalating.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.
Aug 13- Wal-Mart Stores Inc, which has pledged to buy an additional $250 billion in U.S.-made goods over the next decade, is hitting a snag as it tries to meet that promise: Some vendors keen to participate in the initiative complain that after decades of offshoring it has become impossible to domestically source even commonplace components for their products.
The "Squawk on the Street" crew discuss the proxy from Family Dollar which reveals more information about the merger talks with Dollar Tree and Dollar General.
Some of Tuesday's midday movers:
Aug 5- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc' s $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter. Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday.
Dollar General is mulling a bid for Family Dollar, which would challenge Dollar Tree's $8.5 billion takeover, Bloomberg reported.
Over the next 25 years, as technology increasingly revolutionizes retail online and in stores, leaders will have to adjust their skills.
Employee screening has been made easy by the Internet, but technology also makes it easy for business owners to get into legal trouble.
*Company to beat Dollar General as top N. America discount chain. July 28- Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp..
If Dollar Tree and Family Dollar complete a merger, stores should improve markedly, which may raise concern for competitors.
After news of the monster dollar-store merger, here's the thing no one seems to be talking about, says retail analyst Brian Sozzi.