Published On: Fri, Sep 19th, 2014

Stocks In The News: Dollar General, I.D. Systems, 22nd Century Group, World Wrestling Entertainment


Dollar General (DG) responded to yet another rejection from Family Dollar (FDO) to Dollar General’s bid to buy the company at $80 a share with a firm resolution to make the deal happen. Dollar General management said that it, “remains committed to acquire all outstanding shares of Family Dollar in a transaction that would deliver superior value to Family Dollar shareholders and is capable of being completed on terms proposed.” Dollar General also said that the takeover should not violate anti-trust regulations.

I.D. Systems (IDSY), provider of wireless asset management solutions received its purchase order for its PowerFleet wireless vehicle management system for $300, 000. This is the first purchase order from a customer outside of the United States. Shares of the company rose 4.07% on Thursday.

22nd Century Corp (XXII) closed a private placement with Crede CG. XXII sold 3, 871, 676 shares for $10, 000. The funds will be used to fund research, product launches, acquisitions and to clear up the balance sheet.

World Wrestling Entertainment (WWE) closed a five year deal with the 21st Century Fox’s channel FoxSports. WWE programming will be available, starting on October 6, on Fox channels in Latin America. Vice president Gerrit Meier said, “This important partnership will allow us to engage audiences of all ages with compelling family sports entertainment programming and further grow the WWE fan base.”

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