I heard a commentator on the radio the other day quip that Charlotte should be renamed “Levine-McColl” (like Winston-Salem?) because of the importance of these two men and their families. If the Levine’s sold Family Dollar I do not think it would impact Charlotte like a merger of other local companies … many do not know it is headquartered here …

Leave a comment

Mr. Peltz’s Trian Group contacted Family Dollar’s chairman and chief executive, Howard Levine, on Tuesday and said it had amassed a 7.9 percent stake in the retailer, according to the filing. The investment firm has offered to pay between $55 to $60 a share in cash for the rest of the company, valuing Family Dollar at between $7 billion and nearly $7.6 billion.

At the low end of the range, Trian’s offer represents a 25 percent premium over Family Dollar’s Tuesday closing stock price of $43.96. Shares in the company soared more than 30 percent in after-hours trading.

Family Dollar’s stock has risen 39 percent over the past 12 months.

via Peltz Offers More Than $7 Billion for Family Dollar – NYTimes.com.

 

Advertisements

10.20.2010 I guess Phat Burrito is not the Penguin. :)

Leave a comment

restaurants, business:

National Restaurant Properties says it will franchise South End’s Phat Burrito restaurant.

The restaurant, known for its California-style Mexican food, will remain the sole Phat Burrito in Charlotte.

National Restaurant Properties, which has 15 brokerages along the East coast, will market the restaurant regionally. A spokeswoman for the company says it hopes to have 10 to 15 franchises open within a year.

Phat Burrito, at 1537 Camden Road, has been open for more than a decade.

via National Restaurant Properties to franchise Phat Burrito | Charlotte Business Journal.

9.28.2010 … Southwest Airlines Co. is coming to Charlotte!

Leave a comment

business, travel, Charlotte:  Hooray for Charlotte!

Southwest Airlines Co. gets more exposure to existing markets like New York and Boston, and it can get into smaller markets it doesn’t already serve.

AirTran operates daily flights from Charlotte Douglas International Airport to a number of markets, but it is unclear whether Southwest will continue that operation. In recent years, some passengers regularly have driven from Charlotte to the Raleigh area, which is served by Southwest, so they can take advantage of that company’s lower fares.

via Southwest buys AirTran; Charlotte impact? – CharlotteObserver.com.