Business

Dollar Tree expects FTC approval of Family Dollar deal

November 21, 2014

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser said Thursday he expects federal antitrust regulators will approve his company's proposed $8.5 billion acquisition of Matthews-based Family Dollar Stores without requiring it to divest too many stores. The companies agreed to sell as many as 500 stores, though Sasser told analysts he expects that number will be smaller, which could make the deal more attractive to shareholders.

Wilmington startup launches app for wine and beer drinkers

November 21, 2014

(WRAL TechWire)

Wilmington-based Next Glass launched on Thursday its much-anticipated app designed to help beer and wine drinkers find brands they will like. The tech startup held its beta launch on Nov. 5, with 20,000 people signing up within 24 hours. Next Glass has raised more than $3 million from investors, according to CEO Kurt Taylor.

CLT parking deck opens in time for Thanksgiving travel

November 21, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport's new $120 million hourly parking deck opened Thursday, adding 4,000 new public-parking spaces and 3,000 spaces for rental cars. The 3.2 million-square-foot parking deck is twice the size of Charlotte's SouthPark mall.

Charlotte economic-development leaders earn more in 2013

November 21, 2014

(The Charlotte Observer)

Compensation for leaders of Charlotte's three economic-development groups increased in 2013, according to recent tax filings. Charlotte Chamber President Bob Morgan earned $404,368, up 2% over the previous year, while Michael Smith of Charlotte Center City Partners saw a pay increase of 8% and Ronnie Bryant of the Charlotte Regional Partnership received a 5% raise.

Mount Airy-based Pike sets date for shareholder vote on buyout

November 21, 2014

(Winston-Salem Journal)

Shareholders of Mount Airy-based Pike Corp. will vote Dec. 18 on a $595 buyout proposal. New York private-equity investment firm Court Square Capital Partners will help fund the buyout of the energy company, which employs 5,700 across the United States.

BB&T announces plans for new Pennsylvania banking regions

November 21, 2014

(Winston-Salem Journal)

BB&T will create three new geographic banking regions upon completion of its $2.5 billion acquisition of Pennsylvania-based Susquehanna Bancshares, and the company named three Susquehanna executives as regional presidents. The Winston-Salem-based bank also plans to form a new region for the state of Maryland. The deal is expected to close in the third quarter.

Duke -UNC football makes national debut

November 20, 2014

(The News & Observer, Raleigh)

For the first time, UNC Chapel Hill and Duke football teams will play each other in a prime time, nationally televised game on ESPN Thursday night. The Blue Devils must beat the Tar Heels and Wake Forest on Nov. 29 to secure the Coastal Division title, and UNC must beat either Duke or N.C. State in next week's matchup to become bowl eligible.

Family Dollar delays shareholder vote on Dollar Tree merger

November 20, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores rescheduled a shareholder vote on its planned acquisition by Chesapeake, Va.-based Dollar Tree to allow the Federal Trade Commission more time to review the deal. The vote on the $8.5 billion deal is now scheduled for Dec. 23. Family Dollar's stock remained above $78 a share Wednesday, higher than Dollar Tree's offer price of $74.50 a share.

PRA raises $333M in initial public offering

November 20, 2014

(The News & Observer, Raleigh)

Raleigh-based PRA Health Sciences netted $333 million in its initial public offering. The contract-research organization sold 17 million shares at $18 each, below the $20 to $23 a share the company had projected, and its underwriters exercised an option to purchase an additional 2.5 million shares.

Moen expanding in New Bern

November 20, 2014

(Sun Journal, New Bern)

Moen will build a 200,000-square-foot component warehouse in Craven County to support its local faucet-assembly plant, where it employs 700 workers. The new warehouse will replace a current one in Kinston, which is managed by a third-party operator. The North Olmsted, Ohio-based company will add at least 75 jobs in New Bern within a year. Some of the jobs will go to employees from the Kinston warehouse that is closing.