Pro: “$8.5 billion dollar store deal price too low” by Matthew Belvedere at CNBC. “Family Dollar stock soared in premarket trading Monday—even shooting up above the generous 23 percent premium to where shares closed on Friday…The action in both stocks indicated the price tag for the deal might be too low, said Jan Kniffen, chief executive officer of J. Rogers Kniffen Worldwide… “There might be more money to be extracted here.” Read more
Press Release: “Dollar Tree to Acquire Family Dollar Stores to Create North America’s Leading Discount Retailer” “This is a transformational opportunity,” stated Bob Sasser, Dollar Tree’s Chief Executive Officer. “With the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer in North America, with over 13,000 stores in 48 states and five Canadian Provinces, sales of over $18 billion, and more than 145,000 associates on our team. We will continue to operate under the Dollar Tree, Deals, and Dollar Tree Canada brands, and when this transaction is complete, we will operate under the Family Dollar brand as well.” Read more
Today: Conference call held at 8:30 a.m. ET See the PowerPoint presentation
“Home Depot CEO Frank Blake joins Delta Air Lines board” by Phil Hudson at Atlanta Bus. Chronicle. “The Atlanta-based airline reported Blake’s appointment will begin immediately.” Read more
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“Amazon to open five new warehouses in India” at Reuters. “Amazon operates two warehouses or “fulfillment centers” on the outskirts of Mumbai and Bangalore. The new facilities will be opened in Delhi, Chennai, Jaipur, Ahmedabad and on the outskirts of Gurgaon. The expansion will allow Amazon to extend its same-day and next-day delivery services in these cities.” Read more
“U.S. warns that Best Buy sold some recalled products” by Kavita Kumar at Star Tribune. “Best Buy Co. continued to sell or resell 10 products after they had been recalled, according to the U.S. Consumer Product Safety Commission…“We regret that any products within the scope of a recall were not removed entirely from our shelves and other sales channels,” Best Buy spokesman Jeff Shelman said in a prepared statement. “While the number of items accidentally sold was small, even one is too many and we are taking steps to help prevent such issues from reoccurring.” Read more
“5 Seconds Of Summer Pranks Unsuspecting Target Customers By Posing As Employees” by Althea Legaspi at MTV News. “Practicing their best “Welcome To Target” spiel on the way to the store, drummer Ashton explained their simple (or so it seemed) mission: “We’re going to be pretty much trying to sell our album to middle-aged men.” See the video / Read more
“Blogger Gives Inside Sneak Peek at Home Depot Headquarters” by Stacy at Not Just a Housewife. “The offices on most of the floors look like a typical office setting. But the team that I get to work with have their floor set up differently. Instead of some people having an office and the rest having cubicles, the old office have been turned into conference rooms and the other area is very open. It reminded me of the Pinterest offices! See the Pics
“Amazon Now Has 132,000 Employees” by Ben Miller at Puget Sound Bus. Journal. “Amazon said its employee base grew by 4.8 percent in the latest quarter and in the past year, Amazon’s workforce has grown by 37 percent.” Read more
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