This morning I woke up to see that Dollar General Corporation (NYSE:DG) has raised its bid again to $80 a share or $9.1 billion to buy Family Dollar Stores Inc. (NYSE:FDO). I don't think that Dollar General's bid is enough therefore I don't think Dollar General is going to be able to pick this stock up for just $80 a share. In today's video, I'll show you how MarketClub's Trade Triangles nailed both of these stocks and how they got this trade right. I will also show you why I think Dollar General is going to have to up its bid big time if it wants to acquire Family Dollar Stores. Last week, Dollar General said it remained committed to making this acquisition, however Dollar General's earnings and same-store sales fell short of market expectations. What does this mean? Is Dollar General reaching out for Family Dollar Stores now while its stock is still relatively high? I think so. As I said earlier, I believe Dollar General is going to have to pay a lot more if it wants to acquire Family Dollar stores. I will share with you the exact number I think that Dollar General is going to have to pay for Family Dollar stores if it wants to acquire that business. I have a feeling this is going to be an interesting week so stay tuned.
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