Family Dollar is telling shareholders to reject the $9.1 billion takeover bid by rival Dollar General.» Read More
MATTHEWS, N.C.— Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. Family Dollar is currently trying to arrange a sale to another bargain chain, Dollar Tree Inc..
Hertz invited Icahn's nominees onto the board less than four weeks after the New York- based investor announced that he had become the company's biggest investor with an 8.7 percent stake and that he planned to push management for changes.
BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.
Regional airlines not sharing in majors' success. DALLAS— For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they're likely flying on a regional airline whose planes are painted in the major carrier's colors.
Sept 10- Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.
NEW YORK, Sept 10- U.S. stock index futures were a touch higher on Wednesday, suggesting investors found few reasons to jump back into the market even after a recent string of weakness. *The S&P 500 fell sharply on Tuesday, closing under its 14- day moving average for the first time since Aug. 12, a cautious signal for short-term momentum.
Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash.
Sept 10- Dollar General Corp said it would take its $9.1 billion offer directly to shareholders of Family Dollar Stores Inc, after being spurned twice by its smaller rival. The company said it had started a tender offer to buy all shares of Family Dollar for $80 per share. Reuters reported on Tuesday that Dollar General would go hostile with its offer.
NEW YORK— Dollar Tree Inc. said Tuesday that it has received a request from the Federal Trade Commission for more information about its proposed takeover of Family Dollar Stores Inc.. Dollar Tree, based in Chesapeake, Virginia, offered to buy Family Dollar for about $8.5 billion in July.
WASHINGTON— A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns. Analysts took Friday's Labor Department report in stride. NEW YORK— Americans' obsession with jeans is beginning to wear thin.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go "hostile" with its offer.
Family Dollar has rejected Dollar General's latest acquisition offer, and Dollar Tree said it will divest some stores to get antitrust clearance.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying the offer did not address antitrust concerns and was unlikely to be approved.
CHESAPEAKE, Va.— Family Dollar is rejecting Dollar General's latest acquisition offer, and Dollar Tree says it will now divest as many stores as needed to get antitrust clearance for its deal to buy Family Dollar.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed.
NEW YORK, Sept 5- Dollar General Corp's sweetened $9.1 billion proposal to buy Family Dollar Stores Inc may fall short of allaying its smaller rival's fears U.S. antitrust regulators will block the deal, according to two sources familiar with the matter.
NEW YORK, Sept 3- Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion.
*Dollar General raises Family Dollar bid. *Digital Ally shares extend rally. The S&P energy index fell 1.3 percent as the prospect of slowing demand for oil in China and Europe and concerns about an oversupply of oil brought Brent crude oil futures to their lowest price since May 31, 2013.
Stocks mostly fell on Tuesday after the S&P 500 hit another intraday record, as energy companies dropped with the price of oil.