In the news: Family Dollar finds a buyer, earnings from Tyson, Chinese inspections of Microsoft's offices and more

Monday headlines include: Dollar Tree buying Family Dollar, Tyson Foods missing estimates and selling some Latin-American operations, Chinese inspectors visiting Microsoft's offices, Amazon expanding its Indian operations and JP Morgan answering questions about conflicts of interest.

Family Dollar

Discount retailer Family Dollar ( FDO ) has agreed to be acquired by rival Dollar Tree ( DLTR ). Family Dollar shareholders will receive $59.60 in cash and $14.90 in Dollar Tree shares for each Family Dollar share they own. The deal's $74.50 per share value is a premium of about 23% on top of Family Dollar's Friday closing price. Activist investor Carl Icahn has been urging Family Dollar to sell itself since declaring a stake in the company in June.

Tyson Foods

Food processor Tyson Foods ( TSN ) said Monday that it earned 73 cents per share in its third fiscal quarter, or 75 cents per share on an adjusted basis. Revenue was $9.68 billion. Analysts had expected the company to earn 78 cents per share on $9.47 billion in revenue. Tyson also said that it is selling its Mexican and Brazilian poultry operations to Brazilian firm JBS SA for $575 million.


Software giant Microsoft ( MSFT ) said Monday that officials from the Chinese government have made surprise visits to its offices in China. A spokeswoman for the company declined to give any reason for the visits. The State Administration for Industry & Commerce declined to comment outside of regular business hours.


The Indian operations of ( AMZN ) will open five new warehouses, nearly doubling its storage capacity. The new facilities will bring the company's storage capacity to nearly half a million square feet. The company said the new facilities will allow it to extend its same-day and next-day delivery services in Delhi, Chennai, Jaipur and Ahmedabad.

JP Morgan

Banking giant JP Morgan (JPM) is being investigated for conflicts of interest in its private banking operations according to the Wall Street Journal . The Journal said the company has strengthened its disclosures to clients as a result of probes into the potential conflicts. The Office of the Comptroller of the Currency has been in contact with the bank in recent months; the investigation may still be open, by the newspaper report was not definitive.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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