Key Developments: Dollar General Corp (DG.N)

DG.N on New York Stock Exchange

68.56USD
19 Dec 2014
Price Change (% chg)

$-2.73 (-3.83%)
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Latest Key Developments (Source: Significant Developments)

Dollar General Corp updates FY 2014 guidance
Thursday, 4 Dec 2014 07:00am EST 

Dollar General Corp:Updates FY 2014 total sales to increase by about 8.0 pct over the FY 2013, which is at the low end of the company's previous guidance range of 8.0 to 9.0 percent.Updates FY 2014 Same-store sales to increase at or slightly below the previous guidance range of 3.0 pct to 3.5 pct, with expected same-store sales growth of about 5.0 pct in the Q4 2014 as compared to the Q4 2013.Updates FY 2014 Adjusted diluted EPS to be in the middle of the company's previous full year guidance range of $3.45 to $3.55.Reported revenue of $17.50 bln in FY 2013.FY 2014 revenue of $18.95 and EPS of $3.50 - Thomson Reuters I/B/E/S.  Full Article

Dollar General Corp affirms commitment to acquisition of Family Dollar Stores Inc
Wednesday, 19 Nov 2014 03:13pm EST 

Dollar General Corp:Affirmed commitment to acquisition of Family Dollar Stores Inc.Dollar General is actively engaged in discussions with Federal Trade Commission regarding extent of potential divestitures that would be required in connection with acquisition of Family Dollar and has been making progress.Dollar General will continue to work with the FTC and expects to provide update in coming weeks to allow Family Dollar shareholders sufficient time to review such information prior to Family Dollar shareholders' meeting scheduled for Dec. 23.Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on financing.Simpson Thacher & Bartlett LLP is acting as legal counsel.  Full Article

Dollar General Corporation extends tender offer to acquire family dollar to oct. 31, 2014
Wednesday, 1 Oct 2014 08:30pm EDT 

Dollar General Corporation:Says that it has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc. for $80.00 per share in cash to 5:00 p.m. New York City time on Oct. 31, 2014, unless further extended.The tender offer was previously set to expire at 5:00 p.m. New York City time on Oct. 8, 2014.All other terms and conditions of the tender offer remain unchanged.As of 5:00 p.m. New York City time on Sept. 30, 2014, 126,499 shares of Family Dollar common stock have been validly tendered into, and not withdrawn from, the tender offer.The tender offer statement and related materials have been filed with the SEC.Goldman, Sachs & Co. is acting as financial advisor to Dollar General.KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing.Simpson Thacher & Bartlett LLP is acting as its legal counsel.  Full Article

Dollar General remains committed to acquisition of Family Dollar Stores Inc
Wednesday, 17 Sep 2014 05:29pm EDT 

Family Dollar Stores Inc:Response to decision by Board of Family Dollar Stores, Inc. to reject Dollar General's tender offer to acquire all outstanding shares of Family Dollar for $80.00 per share in cash, Dollar General Corporation stated that it remains committed to acquiring Family Dollar.Acquire in a transaction that would deliver superior value to Family Dollar shareholders and is capable of being completed on the terms proposed.The Company also stated that it remains confident in both its antitrust strategy and the analysis performed by its antitrust advisors.  Full Article

Family Dollar Stores Inc Board rejects Dollar General's Illusory Tender Offer
Wednesday, 17 Sep 2014 08:27am EDT 

Family Dollar Stores Inc:Says its Board unanimously recommends that Family Dollar's shareholders reject the unsolicited conditional tender offer made by Dollar General Corp and not tender their shares.In conjunction with its rejection of Dollar General's offer, Family Dollar's Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree, Inc.Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Family Dollar and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel.  Full Article

Dollar General Corp responds to Family Dollar rejection of enhanced offer
Friday, 5 Sep 2014 01:00pm EDT 

Dollar General Corp:In response to decision by Board of Directors of Family Dollar Stores, Inc. to reject Dollar General's enhanced all-cash proposal to acquire all outstanding shares of Family Dollar for $80.00 per share, Dollar General Corporation stated that it remains committed to acquiring Family Dollar.Says it is currently evaluating its next steps.Goldman, Sachs & Co. is acting as financial advisor to Dollar General and Simpson Thacher & Bartlett LLP is acting as its legal counsel.  Full Article

Dollar General Corp updates on proposal to acquire Family Dollar
Tuesday, 2 Sep 2014 06:15am EDT 

Dollar General Corp:Sent an enhanced acquisition proposal to the Board of Directors of Family Dollar Stores, Inc.Under the terms of the revised proposal, Dollar General would increase its all-cash proposal for all outstanding shares of Family Dollar to $80.00 per share.To provide even greater certainty of consummation to the Family Dollar Board, Dollar General also increased the number of stores that it would be willing to agree to divest to 1,500 if ordered by the Federal Trade Commission.Agrees to pay a $500 mln reverse break-up fee to Family Dollar relating to antitrust matters.All other terms and conditions of the proposal remain unchanged.  Full Article

Dollar General reaffirms FY 2014 outlook
Thursday, 28 Aug 2014 07:00am EDT 

Dollar General Corp:Expects FY 2014 total sales to increase 8.0 to 9.0 pct over FY 2013.Expects FY 2014 same-store sales to increase 3.0 - 3.5 pct.Expects FY 2014 adjusted diluted EPS to be about $3.45 - $3.55.Reported revenue of $17.50 bln in FY 2013.FY 2014 revenue of $18.90 bln and EPS of $3.51 - Thomson Reuters I/B/E/S.  Full Article

Dollar General makes proposal to acquire Family Dollar Stores Inc for $78.50 per share
Monday, 18 Aug 2014 06:10am EDT 

Dollar General Corp:Says it has made proposal to acquire Family Dollar Stores, Inc for $78.50 per share in cash, in transaction valued at $9.7 bln.Dollar General's all-cash proposal of $78.50 per share would provide Family Dollar shareholders with substantially superior valuation to the $74.50 per share cash / stock offer announced by Dollar Tree, Inc. on July 28.  Full Article

Dollar General Corp announces expanded partnership
Sunday, 29 Jun 2014 04:00pm EDT 

Dollar General Corp:Says expanded partnership with a multi year agreement for the 2015 NASCAR Sprint Cup Series season and beyond.In addition, JGR announces the contract extension of driver Matt Kenseth that will keep him behind the wheel of the No. 20 Dollar General Toyota.  Full Article

Deals of the day- Mergers and acquisitions

(Adds GSK, Enbridge, Barnes & Noble, Dollar General, Budapest Bank, Songbird Estates, Unilever, New York Life Insurance Co; updates Orange, Technip)

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