Hot Stock Minute

Sponsored by
TD Ameritrade
  • Family Dollar rejects Dollar General takeover bid; BofA in record settlement with DOJ; Weekly jobless claims fall

    Dean Arrindell at Hot Stock Minute3 hrs ago

    Family Dollar (FDO) formally rejected a takeover bid from Dollar General (DG) this morning. Family Dollar said a merger with Dollar General wouldn’t likely be completed because of anti-trust concerns. Family Dollar also affirmed its support to merge with Dollar Tree (DLTR) in a deal worth about $8.5 billion.

    The Justice Department announced a settlement with Bank of America (BAC) for the bank to pay $16.65 billion for its role in mortgage-backed securities sold in the run-up to the financial crisis. BofA will pay a penalty of $9.65 billion. An additional $7 billion in aid will go to homeowners and communities. The settlement is the largest in history between a company and the federal government.

    Read More