Discount Stores

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Dream Vision Co Ltd lowers consolidated full-year outlook for FY 2014

2:00am EDT

Dream Vision Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending Sep. 2014.Revenue forecast decreased to 6,567 million yen from 7,647 million yen.Operating profit forecast decreased to a loss of 800 million yen from a loss of 441 million yen.Ordinary profit forecast decreased to a loss of 843 million yen from a loss of 482 million yen.Net profit forecast decreased to a loss of 947 million yen from a loss of 568 million yen.Earnings per share decreased to a loss of 674.53 yen from a loss of 392.09 yen.Comments that sales lower than expected and evaluation loss of inventory are the main reasons for the forecast.

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.

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.

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.

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.

Burlington Stores Inc gives Q3 2014 comparable store sales outlook; gives Q3 2014 outlook, revenue above analysts' estimates; raises FY 2014 revenue outlook, comments on comparable store sales outlook

Tuesday, 9 Sep 2014 07:00am EDT

Burlington Stores Inc:Expects Q3 2014 net sales to increase in the range of 6.4 pct to 7.4 pct.Q3 2014 comparable store sales to increase in the range of 3.0 pct to 4.0 pct.Q3 2014 adjusted net income per diluted share in the range of $0.09 to $0.12.Reported revenue of $1.04 bln in Q2 2014.Q3 2014 revenue of $1.14 bln, EPS of $0.11 per share - Thomson Reuters I/B/E/S.Now expects FY 2014 total sales to increase in the range of 6.5 to 7.2 pct versus its previous expectation of an increase in the range of 5.8 to 6.8 pct.FY 2014 comparable store sales to be about 3pct, at the high end of its previous guidance.Reported revenue of $4.72 bln in FY 2013.FY 2014 revenue of $.04 bln - Thomson Reuters I/B/E/S.

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.

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.

Family Dollar Stores Inc's Board rejects revised proposal from Dollar General based on antitrust issues

Friday, 5 Sep 2014 08:30am EDT

Family Dollar Stores Inc:Says board has unanimously rejected revised, non-binding proposal made by Dollar General Corp on Sept. 2 on basis of antitrust regulatory considerations.

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.

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