The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** U.S. retailer Dollar General Corp is preparing to go hostile as soon as this week in its bid to purchase rival Family Dollar Stores Inc, taking its $9.1 billion offer directly to shareholders after being spurned twice by its smaller rival, people familiar with the matter said on Tuesday.** Russian indebted coal-to-steel group Mechel OAO is considering selling its core assets and hopes to earn between $2 billion and $3 billion over two or three years, its chief executive Oleg Korzhov told Vedomosti newspaper.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG traded higher by 0.05% or $0.03/share to $63.42. In the past year, the shares have traded as low as $53.00 and as high as $65.99. On average, 6431910 shares of DG exchange hands on a given day and today's volume is recorded at 5494241.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO fell by 0.15% or $-0.12/share to $78.70. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 3011750 shares of FDO exchange hands on a given day and today's volume is recorded at 880377.
Mechel OAO is a Russia-based integrated mining and steel company. Shares of MTL fell by 0.59% or $-0.01/share to $1.69. In the past year, the shares have traded as low as $1.56 and as high as $3.94. On average, 655383 shares of MTL exchange hands on a given day and today's volume is recorded at 130743.
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