NEW YORK (TheStreet) -- Shares of Big Lots Inc. (BIG) are higher by 1.29% to $46.98 in mid-morning trading on Monday, as the closeout retailer gets a boost from Dollar General (DG) upping its offer to buy Family Dollar (FDO) to $8.9 billion.
Dollar General made the bid in an attempt stop the merger between Family Dollar and Dollar Tree (DLTR) , the New York Times reports.
Fred's Inc. (FRED) , another discount retailer also saw a rise in shares by 2.11% to $15.99 as a result of Dollar General's bid, as did Tuesday Morning Corp. (TUES) , higher by 1.60% to $17.17.EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Separately, TheStreet Ratings team rates BIG LOTS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BIG LOTS INC (BIG) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."