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Family Dollar Stores Inc. Message Board

  • michellelacourse michellelacourse Mar 4, 2011 10:31 AM Flag

    Confused

    Are they discouraging ALL offers or just non serious offers like Peltz's? If a reputable company like Berkshire or a private equity had the cash or financing in place to buy FDO, would it change FDO's mind? Was the rejection due to a highly contingent offer from Peltz? Or does Levine want all the control? I'm confused. These questions will make me decide to be long holder or not. Too much risk here.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • * Peltz's bid was highly contingent
      * any other offers that come in, the Board has a fiduciary responsibility to evaluate-and do what it believes is in the best interest of shareholders.
      * Peltz still could come back and wage a proxy battle-but this would be expensive(and a waste of time unless he has financing locked in.
      * Merrill Lynch had a 2011 price target-before Peltz'ds offer- of $58. S&P had a $55 target.

      * FDO is trading now at a similar P.e. to DG, DLTR,Fred's,etc. With share buy-backs and dividends, sales & profits growing longterm investors will be fine (IMO)

 
FDO
75.45+0.70(+0.94%)12:41 PMEDT

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