Weather Alert

CODE YELLOW: Heavy Rains Expected Overnight

A few showers could pop-up around the mid-state this afternoon, but our Microcast model shows the heaviest rain to arrive in Nashville around 3am. Areas to the west of the city will see it sooner and areas to the east will see it later.  Some storms could be strong with gusty winds and heavy pockets of rain.  A few left-over showers could hang around as late as Friday night, so area high school football games might be wet.

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Dollar Tree Buys Rival for $8.5 Billion

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NEW YORK (AP) -- Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

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Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the value of the transaction at $74.50 per share.

The boards of both companies have unanimously approved the deal, which is expected to close by early next year.

Shares of Family Dollar Stores Inc., based in Charlotte, North Carolina, spiked 20 percent before the opening bell Monday. Shares of Dollar Tree Inc., based in Chesapeake, Virginia, are up almost 4 percent.


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