Consumer shares were lower in
Monday, declining with the broader stock market.
Dollar Tree (
) shares jumped more than 10% in pre-market trading after it
entered into a definitive merger agreement to acquire Family Dollar
) in a cash-and-stock transaction. The value of the deal is $74.50
per share, a 23% premium over Family Dollar's closing price as of
July 25. The transaction has been unanimously approved by the
boards of of both companies and is expected to close by early 2015.
FDO was up more than 23% at $74.80 pre-market.
Controladora Vuela Compania de Aviacion (
), an ulra-low-cost airline serving Mexico and the U.S. known as
Volaris, reported Q2 results in line with analysts'
Accuride Corporation (
) has reported Q2 results that beat the Street view on EPS and
revenues, up from a year-ago loss, and has increased full-year net
sales guidance. The automotive component supplier reported Q2 EPS
of $0.11, up from a loss of $0.11 per share in Q2 2013 and beating
analyst estimates of $0.00.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.