Markets

Sector Update: Consumer

Consumer shares were lower in pre-market trading Monday, declining with the broader stock market.

Dollar Tree ( DLTR ) shares jumped more than 10% in pre-market trading after it entered into a definitive merger agreement to acquire Family Dollar ( FDO ) 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 ( VLRS ), an ulra-low-cost airline serving Mexico and the U.S. known as Volaris, reported Q2 results in line with analysts' expectations.

Accuride Corporation ( ACW ) 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.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

VLRS DLTR

Other Topics

Commodities

Latest Markets Videos