Matthews Local Business
Local business in Matthews, NC
Friday Oct 17 | via Brandon Sun
Hedge fund Elliott Management Corp. said Friday it is seeking seats on Family Dollar's board in an effort to get the retailer to reconsider a rebuffed buyout bid. Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Comment?
Friday Oct 17 | via The Charlotte Observer
Family Dollar is one of the Charlotte regions most prominent homegrown companies. The company has 8,100 stores, making it the nations second-largest dollar store retailer. Comment?
Tuesday Oct 14 | via WBTV
Two Brazilian companies on Wednesday upped their bid for Charlotte-based banana company Chiquita Brands International to $14 per share, adding more intrigue to a takeover fight that is headed toward a key shareholder vote next week.Cutrale, an orange juice maker, and Safra Group, a banking conglomerate, called their $658 million "definitive offer" a superior transaction to Chiquita's proposed merger with Irish produce company Fyffes when "taking into account all financial, regulatory, legal and other aspects of our offer." Chiquita said its board will carefully review the new offer, while Fyffes chairman David McCann said his company's merger remains the superior deal. Comment?
Friday Oct 10 | via Chain Store Age
Matthews, N.C. Family Dollar Stores Inc. missed Wall Street expectations for its fourth quarter, hurt by inventory markdowns, restructuring charges and other fees. The chain, which is in the midst of fighting off a hostile bid from Dollar General Corp., reported net income of $34.5 million, down 66% from $102.2 million in the same quarter a year earlier. Comment?
Friday Oct 10 | via Business Journal
Family Dollar saw its total net sales increase 4.5 percent to $2.61 billion in the latest quarter, but same-store sales were up only a fraction of a percent. Family Dollar Stores Inc. saw its net income plummet 66 percent to $34.5 million, or 30 cents per diluted share, in the retailer's fiscal fourth quarter. Comment?
Thursday Oct 9 | via Bloomberg
Family Dollar Stores Inc. , the discount retailer at the center of a three-way takeover battle, reported earnings that missed analysts' estimates after price cuts narrowed profit margins. Fourth-quarter net income fell to $34.5 million, or 30 cents a share, from $102.2 million, or 88 cents, the Matthews, North Carolina-based chain said today in a statement. Comment?
Thursday Oct 9 | via Salt Lake Tribune
Family Dollar Stores Inc., the discount retailer at the center of a three-way takeover battle, reported a 66 percent decline in net income as the company struggles with slow sales and restructuring expenses. Fourth-quarter net income fell to $34.5 million, or 30 cents a share, from $102.2 million, or 88 cents, the Matthews, N.C.-based chain said in a statement. Comment?
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