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What Prompted Fred's Pharmacy To Take The 'Poison Pill' And Adopt A Shareholder Rights Plan?
Tuesday, December 27, 2016 - 8:54am | 397Read More...Fred's, Inc. (NASDAQ: FRED), the relatively small discount retailer and pharmacy chain, saw its market cap soar from $450 million to $1.3 billion on December 20 after the company announced a blockbuster deal in which it will buy more than 800 retail locations from Walgreens Boots Alliance Inc (...
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Pier 1 Picked The Wrong Time To Go On A Spending Spree
Friday, September 30, 2016 - 12:39pm | 386Read More...Pier 1 Imports Inc (NYSE: PIR) picked a bad time to start handing out $1 million cash bonuses to its failing executive team. According to Gadfly's Shelly Banjo, Pier 1 Imports, the struggling home-decor retailer, just handed out a cool million bucks to three top executives as a retention bonus....
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Family Dollar Responds To Icahn With Poison Pill
Monday, June 9, 2014 - 9:22am | 326Read More...Shares of Family Dollar (NYSE: FDO) and Dollar General (NYSE: DG) are flying higher after Carl Icahn announced a 9.39 percent position in Family Dollar. Analysts across Wall Street are speculating on a merger between the firms; Jefferies speculates a deal could add $1.2 billion of synergies....
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Sozzi: Amid Lowered Poison Pill Threshold, JC Penney Highlights Apparent Disconnect Between Value And Assets
Tuesday, January 28, 2014 - 12:10pm | 520Read More...On Tuesday, JC Penney (NYSE: JCP) lowered the threshold on its existing shareholder rights plan, or poison pill, and extended its expiration date. “The amendments to the Company's rights plan include extending the plan's expiration date from August 20, 2014 to January 26, 2017, and lowering the...
