Monday, Dec 22, 2014
Quincy, IL News - QuincyJournal.com
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jannie122 - Mays not seeking re-election to Quincy School Board - Quincy, IL News - QuincyJournal.com
There has been a lot of info about the school board election in the media. But, Are the same people that were on the Quincy Park Board running? Or, maybe that election isn't held at the same time the School Board Election? Sorry to see Jeff M. go, although I didn't agree with him all the time.
Givemeliberty - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
What property of the city does Comsast use? The biggest chunk of property leased to them is probably Amerens power poles, unless they have buildings residing on city property that I am not aware of. the fee paid to the phone company is paid by whoever is leasing the line. If Adams provides DSL to a customer in quincy and they do not have any plant in the area but AT&T does Adams can rent the line…
GuyFawkes10 - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
I think Ameren pays also. Maybe we should put up toll booth to enter city so we can tax the people from out of town for using our services. I guess we get them at the cash register but we pay that also
Peoplechamp31 - QPS Board approves higher 2014 tax levy - Quincy, IL News - QuincyJournal.com
If you guys and Mr Gough want to have a real convo why don't you ask Peters and the district how come my kids have to wear winter coats into the Qhs building and why we have so many problems out there with the new HVAC system!
Peoplechamp31 - QPS Board approves higher 2014 tax levy - Quincy, IL News - QuincyJournal.com
They..... I'm fully aware of some of there wages as well! But there not in the media making comments about things they don't know anything about! Irving should have been sold along time ago! We have people renting it from us knowing we will never use this building again! I mean look at Dewey school way worse than Irving by far, but our kids are in that building still! I don't want to…

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Dollar Tree Buying Family Dollar for $8.5 Billion

4 months, 3 weeks ago from Associated Press

Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the value of the transaction at $74.50 per share, which is an approximately 23 percent premium to Family Dollar's Friday closing price of $60.66.

The companies put the enterprise value of the deal, including debt and other costs, at more than $9 billion.

Family Dollar stockholders will own somewhere between 12.7 percent and 15.1 percent of Dollar Tree's outstanding common shares at closing. Shares spiked more than 24 percent and were headed for an all-time high before the opening bell Monday.

Shares of Dollar Tree neared an all-time high.

Core customers for bargain stores and major retailers like Wal-Mart have been among the hardest hit by the recession and its aftermath because of job instability.

Family Dollar has struggled and has attempted to reinvigorate sales by lowering prices on almost 1,000 basic items. It's cut some jobs and shuttered underperforming stores.

The company had been conducting a strategic review since the winter, and investor Carl Icahn urged Family Dollar last month to put itself up for sale. Icahn has built up a stake in the company of more than 9 percent, according to regulatory filings.

Dollar Tree CEO Bob Sasser said Monday that the deal will give Dollar Tree more than 13,000 stores in the U.S. and Canada. That is nearly three times as many stores as Wal-Mart Stores Inc., though Wal-Mart's square footage is still greater.

The companies did not say if any Dollar Tree or Family Dollar stores would be closed.

The combined Dollar Tree-Family Dollar chain will have sales of more than $18 billion and Sasser says that the transaction will create a more diverse company with an enhanced geographic reach.

Dollar Tree stores sell products for $1 or less, while Family Dollar's pricing is much broader.

Dollar Tree will continue to operate under the existing Dollar Tree, Deals, and Dollar Tree Canada store signs. It will keep the Family Dollar brand as well.

Family Dollar Chairman and CEO Howard Levine will still lead those stores and report to Sasser. He will join Dollar Tree's board.

Dollar Tree plans to finance the deal with available cash, bank debt and bonds.

The boards of both companies have unanimously approved the deal, which is expected to close by early next year. It still needs approval from Family Dollar shareholders.

Shares of Family Dollar Stores Inc., based in Charlotte, North Carolina, surged $14.89 to $75.55 in premarket trading. The record high during regular trading is $75.29. Shares of Dollar Tree Inc., based in Chesapeake, Virginia, jumped 10 percent, or $5.50 to $59.72. The all-time high for that stock is $60.19.


From the Newsroom

Bob Gough on Twitter

Bob Gough 46 minutes ago

RT @Danielle Tcholakian: "Today is the worst day of My life," writes the son of one of yesterday's slain NYPD officers. http://t.co/jZScBHGY9i
Bob Gough on Twitter

Bob Gough 47 minutes ago

RT @American Thinker: Time for sports teams to wear NYPD logo shirts http://t.co/FLRdc0jY5L
Bob Gough on Twitter

Bob Gough 8 hours, 48 minutes ago

RT @DanRiehl: oh RT @ByronYork: Golf round finished, Obama releases statement on murders of two NYPD officers: 'unconditionally condemn.'
Bob Gough on Twitter

Bob Gough 8 hours, 51 minutes ago

RT @John Groves: Al Sharpton should be treated no differently than Fred Phelps and the Westboro Baptist Church. #NYPDShooting