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Fight for Family Dollar heats up; Tesla powers ahead; Exelixis tanks

Here is a look at some of the stocks the Yahoo Finance team will be watching for you today. 

Family Dollar (FDO) and Dollar General (DG) shares rose in the pre-market.  Dollar General raised its offer to buy the second biggest dollar-store chain by a $1.50 to $80 a share. As part of the $9.1 billion deal,  Dollar General said it will more than double the amount of stores its willing to divest to as many as 1,500 hundred stores  to clear antitrust hurdles.  A $500 million dollar reverse break-up fee to Family Dollar if the deal falls apart over antitrust concerns is also on the table. The latest cash-offer by Dollar General is $5.50 higher than Dollar Tree’s (DLTR) offer to buy Family Dollar.

T-Mobile US (TMUS) shares were higher before the bell. lliad is not giving up its pursuit of a nearly 57% stake in T-Mobile. The French telecom provider said it's in talks with several partners, including private equity funds to raise its offer for the mobile provider. T-Mobile's parent company Deutsche Telekom rejected Iliad's $15 billion bid in early August as too low.

Exelixis (EXEL) shares tumbled in the pre-market. The biotech firm said it will slash 70% of its workforce after its experimental prostate cancer drug failed to prolong survival in men in a late stage trial.

Tesla  (TSLA) shares traded at a fresh record in early trading. The electric-car maker scored an  intraday record of $271.40on Friday after it reached a deal with China Unicom to have charging stations in China.

Apple (AAPL) also on investors' watch list, not only is the company investigating the security of its iCloud after accounts were hacked leading to a nude celebrity photo scandal, but we could see the company introduce a mobile wallet next week. Reports say the company has partnered with American Express (AXP), Visa (V) and MasterCard (MA), and that an announcement could come during Apple's September 9th event, when a new iPhone is also expected.

 

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