Stocks were little changed on Monday amid activity on the corporate-deal front.» Read More
*Russia stocks tumble again after new sanctions. Wall Street ended flat as the latest deal news offset losses following soft data on the housing market and services sector.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Family Dollar Stores Inc., up $15.08 to $75.74. The discount retailer is being bought for $8.5 billion by rival Dollar Tree, which is significantly broadening its reach as it looks to fend off Wal-Mart.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion.
July 28- Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, combining the two most-popular U.S. real estate website operators. Both Zillow and Trulia have been spending aggressively on advertising, foregoing near-term profitability, to capture a bigger share of online spending on real estate listings.
Zillow CEO Spencer Rascoff discusses the rationale behind his deal to buy Trulia for $3.5 billion in stock. Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" crew provide insight.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. While acquisition activity limited the market's decline, keeping indexes near record levels, investors found few reasons to buy as the data followed some high-profile disappointments in corporate earnings, including from Amazon.com and Caterpillar last week. D.R. Horton Inc fell 1.7 percent to $21.24.
China's extended rally and two mega-mergers are helping cap the downside of a suddenly dour market.
NEW YORK— The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store.
Zillow has agreed to buy Trulia for $3.5 billion in a stock-for-stock transaction. CNBC's Jim Cramer and David Faber discuss the deal.
July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery. Both Zillow and Trulia have been spending aggressivley on advertising, foregoing near-term profitability, to corner a bigger share of online spending on real estate listings.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. *While merger and acquisition activity supported the market, there have been a number of high-profile earnings disappointments this quarter, including from Amazon.com and Caterpillar last week.
Companies making headlines before the bell:
NEW YORK— Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Both Zillow and Trulia were founded nearly a decade ago and have capitalized on Americans' increasing preference for researching purchases, including homes, online, rather than relying solely on a real estate agent.
July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock.
Neil Doshi, CRT Capital Group, shares his thoughts on Zillow's acquisition of Trulia for $3.5 billion in stock.
Zillow announces it is buying Trulia for $3.5 billion in stock. The "Squawk Box" news team discusses.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
Some of the names on the move ahead of the open.
NEW YORK, July 24- U.S. real estate website operator Zillow Inc is in advanced talks to buy smaller rival Trulia Inc, according to people familiar with the matter. Trulia shares jumped as much as 40.5 percent to $57 on Thursday, valuing the company at $2.10 billion, after Bloomberg News reported Zillow may reach a deal to buy the company as soon as next week.
WASHINGTON— In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.