Trian Fund Management announced today that it is seeking to acquire and take Family Dollar (NYSE:FDO) private for $55 to $60 per share. The offer would represent a 31% premium over the previous closing price at the midpoint.
Shares are trading higher by nearly 22 percent.
La-Z-Boy (NYSE:LZB) shares are surging on Wednesday after the company announced better than expected third quarter earnings. Though profit fell 10.7 percent to $10 million, or 19 cents per share, the company beat estimates of 11 cents per share.
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