from Associated Press
Sunday, Nov 23, 2014
Quincy, IL News - QuincyJournal.com
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ONCEMORE1 - Strawman: The Guy the Liberal Press Doesn\'t Know Exists..... - Quincy, IL News - QuincyJournal.com
Now you're not only arranging the past to fit your agenda, but predicting the future, as well. Is there ANYTHING a left-winger can't do?
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"figure out how to re-coup the cost of the 10000 tickets" - hell - that's easy - raise taxes for the few of us paying taxes in this city!
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I'm soooo tired of the "not willing to do" argument about jobs. If employers can't find people to do the work they have to pay more...it's that simple. It's called "economics" also known as supply-and-demand. To say that illegals aren't taking away jobs from Americans is ignoring the fact the if you increase the labor force without increasing jobs you increase unemployment.
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Mann, Duesterhaus, Musolino, Lepper, and Farha need to go. What will they do for health insurance? No more cell phone? No more iPad? Oh Nooooooooooooo - says Mr Bill. Are any of the 'new bloods' on the 'changed names' list? Fire bugs list? Turned my life around list? Just want the media to get out there and give the conscientious tax payer a heads up BEFORE the election and not…
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Dollar Tree Buying Family Dollar for $8.5 Billion

3 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.


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