Family Dollar (FDO) Placed on CreditWatch Negative by S&P (DLTR)

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Piper Jaffray Upgrades Family Dollar Stores Inc. (FDO) to Neutral

July 29, 2014 6:43 AM EDT

Piper Jaffray upgraded Family Dollar Stores Inc. (NYSE: FDO) from Underweight to Neutral with a price target of $74.50 (from $50.00) following the takeover offer from DLTR.

While surprised by the deal, analyst Peter Keith anticipates that this deal will get FTC clearance and... More

Dollar Tree (DLTR) to Acquire Family Dollar (FDO) for $74.50/Share

July 28, 2014 6:06 AM EDT

Dollar Tree, Inc. (Nasdaq: DLTR) and Family Dollar Stores, Inc. (NYSE: FDO) announced that they have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar in a cash and stock transaction. The value of the consideration is $74.50 per share, a 22.8% premium over Family Dollars closing price as of July 25, 2014.

The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by early 2015, at which time the Family Dollar shareholders will receive $59.60 in cash and... More