Nadia's Feed
Sep 5, 2014

Dollar General new bid may not sway Family Dollar-sources

NEW YORK, Sept 5 (Reuters) – 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.

Family Dollar already has a deal to sell itself to rival
discount retailer Dollar Tree Inc for $8.5 billion.
Dollar General, the largest U.S. dollar store, first appeared as
an interloper last month with a $8.95 billion competing bid, or
$78.50 per share, but Family Dollar rejected the offer saying it
could run afoul of competition laws.

Sep 3, 2014

Exclusive: Icahn sells entire stake in Family Dollar – sources

NEW YORK (Reuters) – Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.

Dollar Tree Inc (DLTR.O: Quote, Profile, Research, Stock Buzz) agreed in July to buy Family Dollar for $8.5 billion. Since then, however, the deep-discount retailer has drawn competing interest from Dollar General Corp (DG.N: Quote, Profile, Research, Stock Buzz), which has bid $9.1 billion for its smaller rival.

Sep 3, 2014

Icahn sells entire stake in Family Dollar – sources

NEW YORK (Reuters) – Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (FDO.N: Quote, Profile, Research), making a profit of about $200 million (121.6 million british pounds) on the investment, according to sources familiar with the matter on Wednesday.

Dollar Tree Inc (DLTR.O: Quote, Profile, Research) agreed in July to buy Family Dollar for $8.5 billion. Since then, however, the deep-discount retailer has drawn competing interest from Dollar General Corp (DG.N: Quote, Profile, Research), which has bid $9.1 billion for its smaller rival.

Aug 25, 2014

Exclusive: IRS enforcement agent numbers could drop to lowest levels since 1970s

NEW YORK (Reuters) – Budget pressures at the Internal Revenue Service’s Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are forcing the division to scale back its fight of financial crime.

It will also hurt government coffers, they add, since IRS probes can bring in hefty fines.

Aug 25, 2014

IRS enforcement agent numbers could drop to lowest levels since 1970s

NEW YORK, Aug 25 (Reuters) – Budget pressures at the
Internal Revenue Service’s Criminal Investigation Division are
cutting the number of investigators there to the lowest level in
four decades, and officials say the changes are forcing the
division to scale back its fight of financial crime.

It will also hurt government coffers, they add, since IRS
probes can bring in hefty fines.

Aug 21, 2014

JPMorgan customers targeted in email phishing campaign

BOSTON/NEW YORK (Reuters) – Fraudsters are targeting JPMorgan Chase & Co customers in an email “phishing” campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus for stealing passwords from other institutions.

The campaign, dubbed “Smash and Grab,” was launched on Tuesday with a widely distributed email that urged recipients to click to view a secure message from JPMorgan, according to security researchers with corporate email provider Proofpoint Inc.

Aug 15, 2014

Feature – Corporate founders battle boards to overturn forced exits

NEW YORK (Reuters) – From American Apparel Inc (APP.A: Quote, Profile, Research) to Lululemon Athletica Inc (LULU.O: Quote, Profile, Research), Men’s Wearhouse Inc (MW.N: Quote, Profile, Research) and Best Buy Co Inc (BBY.N: Quote, Profile, Research), a series of boardroom battles across North America underscore how difficult it can be for companies to part ways with their founders.

In each of these cases, the boards decided it was time for the founders to step down from their roles either as chief executive or chairman, but faced stiff resistance from the founders, some of whom used their substantial equity stakes to fight back.

Aug 15, 2014

Corporate founders battle boards to overturn forced exits

NEW YORK, Aug 15 (Reuters) – From American Apparel Inc
to Lululemon Athletica Inc, Men’s Wearhouse Inc
and Best Buy Co Inc, a series of boardroom
battles across North America underscore how difficult it can be
for companies to part ways with their founders.

In each of these cases, the boards decided it was time for
the founders to step down from their roles either as chief
executive or chairman, but faced stiff resistance from the
founders, some of whom used their substantial equity stakes to
fight back.

Aug 11, 2014

ValueAct takes $1 bln stake in 21st Century Fox

Aug 11 (Reuters) – Hedge fund ValueAct Capital LLC said it
had taken a $1 billion stake in Rupert Murdoch-controlled film
and TV company Twenty-First Century Fox Inc.

Fox withdrew its $80 billion bid to buy Time Warner Inc
last week after being rebuffed by the owner of CNN, HBO
and Warner Bros studios. Murdoch said he has no plans to pursue
another company as an alternative.

Aug 11, 2014

Exclusive: ValueAct CEO says Valeant does not need to buy Allergan

NEW YORK (Reuters) – ValueAct Capital, a top shareholder in Valeant Pharmaceuticals International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) (VRX.N: Quote, Profile, Research, Stock Buzz), supports the company’s independent business plan and does not believe the Canadian drugmaker has to buy Allergan Inc (AGN.N: Quote, Profile, Research, Stock Buzz), the investor told Reuters on Monday.

ValueAct likes a potential combination between Valeant and its takeover target Allergan, but said a drawn-out bidding war for the Botox maker might be too distracting.