Family Dollar Stores Inc. surged the most in more than 30 years in New York trading after investor Nelson Peltz offered to buy the retailer for as much as $7.6 billion, spurring speculation other suitors will follow.
Family Dollar Stores Inc. , which billionaire investor Nelson Peltz offered to buy for $7.7 billion, is the most likely to fail among 2011 deals, according to traders who profit from mergers and acquisitions.
Family Dollar Stores Inc . rejected a hostile takeover offer from Nelson Peltz’s Trian Fund Management LP, saying it “substantially” undervalues its business, and adopted a defense to discourage unsolicited offers.
Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.
Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign of a broader weakening in U.S. consumer spending as households grapple with the payroll-tax increase and delayed refunds.
Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign U.S. consumer spending will cool as households try to cope with a payroll-tax increase and delayed refunds.