Dell INCREASES Bid for Quest Software and 2 Stocks Bolting to 52-Week Highs
Dollar General Corp. (NYSE:DG) and T-Mobile USA (DTEGY) announced its new distribution arrangement, providing Dollar General customers with an inexpensive phone and convenient access to T-Mobile’s prepaid and Monthly 4G No Annual Contract service. Over 6,400 Dollar General stores will offer several T-Mobile prepaid plan options as well as Samsung’s T139 phone, featuring messaging, Web browsing, a camera, and Bluetooth connectivity. The shares closed at $53.19, up $0.59 or 1.12% on the day. They have traded in a 52-week range of $29.84 to $53.06.
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J. Alexander’s Corp. (NASDAQ:JAX) has signed a definitive agreement with Fidelity National Financial (NYSE:FNF) under which J. Alexander’s Corporation is merged with an American Blue Ribbon Holdings subsidiary, a new, majority owned FNF subsidiary, in a transaction valuing J. Alexander’s equity at about $72M. The shares closed at $11.53, up $1.63 or 16.46% on the day. They have traded in a 52-week range of $5.00 to $9.96.
Quest Software (NASDAQ:QSFT): Dell (NASDAQ:DELL) returns with a raised bid of $2.32B for the company, which is more than P-E Firm Insight proposed. The suitor offered $27.50 per share, a 5% premium to Quest’s close of 26.22 on Friday. The shares closed at $27.69, up $1.47 or 5.61% on the day. They have traded in a 52-week range of $14.61 to $26.85.
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