Seek Bim Birlesik Magazalari :Said on Monday that, on the purpose of determining the opportunities and investment potential in retail market of Iran, Executive Committee shall be granted authorization to initiate marketing research studies and to follow entire process including opening stores when needed.
Fred's Inc : Fred's inc - after fred's observed "unusual and substantial activity in company's shares", board unanimously adopted rights plan . Fred's inc - sets trigger of 10 percent . Fred's inc - "has had an ongoing dialogue with a number of shareholders" . Fred's inc - rights plan not adopted in response to any specific takeover bid or other proposal to acquire control of company . Fred's inc - will close 40 underperforming stores in first half of 2017, creating a benefit to earnings of over $4 million .Fred's pharmacy unanimously adopts shareholder rights plan.
Sanyo Homes Corp <1420.T>: Says it will buy 100 percent stake in real estate unit of Noritsu Koki Co Ltd <7744.T> on Jan. 5, 2017 . Says the acquisition price is not disclosed .Says the co plans to merge the newly acquired real estate unit on March 1, 2017.
Watts Co Ltd:Says wholly owned Osaka-based subsidiary to transfer its business in West Japan to a wholly owned Okayama-based subsidiary planned on Sep. 1.Says the wholly owned Osaka-based subsidiary to merge a wholly owned Hokkaido-based subsidiary planned on Sep. 1 and the Hokkaido-based subsidiary to be dissolved after merger.Says the three subsidiaries are engaged in wholesale and retail of daily necessities.
Dollar General Corp :Announces corporate restructuring to drive stronger growth.Says is restructuring its corporate support functions to eliminate approximately 255 positions.Says substantially all of the eliminations are effective immediately.Currently projects that it will incur a pre-tax cash expense of approximately $7 million in the third quarter of 2015.Says restructuring includes approximately 115 vacant positions.Expects to continue its expense control and reduction initiative by implementing a more rigorous budgeting process.Says positions at the store level will not be impacted by this restructuring.Says all impacted employees have been notified.