BofA/Merrill Lynch Upgrades Dollar Tree (DLTR) to Buy; Counter Bid Unlikey

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Dollar General (DG) Price Target Raised to $73 at Deutsche Bank

August 19, 2014 8:09 AM EDT

Deutsche Bank maintained a Buy rating on Dollar General (NYSE: DG) and increased its price target of $73.00 (from $69.00). The stock was upgraded yesterday, but analyst Paul Trussell now sees more upside.

"Yesterday, we upgraded shares of DG to Buy on the high... More

Dollar General (DG)/Family Dollar Stores (FDO) More Logical and Synergistic, Jefferies Says

August 19, 2014 7:57 AM EDT

Jefferies analyst Daniel Binder reiterated a Buy rating and $75 price target on Dollar General (NYSE: DG) following the company's $78.50/share takeover offer for Family Dollar Stores (NYSE: FDO).

Binder comments, "We believe a DG/FDO combination is... More

Dollar General (DG) Bullish Stance Reiterated at BofA/Merrill Lynch on FDO Bid; PT Raised to $73

August 18, 2014 1:29 PM EDT

BofA/Merrill Lynch analyst Denise Chai 'firmly' reiterated a Buy rating and lifted her price target on Dollar General (NYSE: DG) to $73.00 (from $66.00) amid the proposal to acquire Family Dollar (NYSE: FDO) for $78.50. The analyst views a deal... More

Dollar General (DG) was 'Very Surprised' by the Dollar Tree/Family Dollar Deal

August 18, 2014 8:26 AM EDT

On its call, Dollar General (NYSE: DG) said it was 'very surprised' by the Dollar Tree (NASDAQ: DLTR) deal for Family Dollar Stores (NYSE: FDO).

... More

Dollar Tree (DLTR) Slumps as Dollar General (DG) Makes Higher Bid for Family Dollar (FDO)

August 18, 2014 6:42 AM EDT

Dollar Tree (Nasdaq: DLTR) is on watch Monday following news that Dollar General (NYSE: DG) placed a $78.50 per share bid for Family Dollar (NYSE: FDO). The offer is above Dollar Tree's... More

Dollar General (DG) Makes $78.50/Share Bid for Family Dollar (FDO)

August 18, 2014 6:11 AM EDT

Dollar General (NYSE: DG) announced it has made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The proposal was conveyed this morning in a letter to Family Dollars Board of Directors. This transaction would deliver increased consideration and immediate liquidity to Family Dollars shareholders and represents a compelling opportunity to create value for Dollar General shareholders. The combination would solidify Dollar Generals position as the largest small-box discount retailer in the U.S. with... More