Wed, Sep 17, 2014, 2:22 AM EDT - U.S. Markets open in 7 hrs 8 mins

Recent

% | $
Quotes you view appear here for quick access.

Family Dollar Stores Inc. Message Board

  • samspade_44 samspade_44 Mar 2, 2011 2:13 PM Flag

    Howard Levine???

    I agree with JP Morgan, it's hard to envision him (Howard Levine) leaving an operation where he can make decisions without intervention, and receive a very nice compensation ($5-$7 million per year). However, everybody has a price; what’s his price???
    Anybody have an opinion; or will he say no to this offer, and maybe put together his own group and take FDO private?

    Sam

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • He is legally obligated to do what is best for the shareholders. With a firm cash offer on the table, any action that doesn't clear $60/share for the shareholders would open the Board to lawsuits. He is between a rock and a hard place. They couldn't take it private for less than $60 - or lawsuits and justifiably so. My guess is they will try to get a few more bucks (maybe $65) and work out some type of deal where the current management stays on - which makes perfect sense.

    • why wouldnt Howard, who controls hundreds of millions in FDO shares, join with his billionaire father Leon Levine,the FDO founder, take FDO private-and never,ever worry about Wall Street again?
      If they get rid of Peltz it may be just a matter of time before they have to fend someone else off too? So just take it private this first time and be done with it...just MHO..

 
FDO
78.79+0.22(+0.28%)Sep 16 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.