99 Cents Only Stores (NDN +17.4%) receives a $1.3B takeover offer from Leonard Green &...

|About: 99 Cents Only Stores (NDN)|By:, SA News Editor

99 Cents Only Stores (NDN +17.4%) receives a $1.3B takeover offer from Leonard Green & Partners and the company’s founding family, and some analysts think the $19.09/share bid may be too low. It's the latest sign of interest in low-cost stores, with buyers eager to get ahead of a potential boost in business at such retailers as consumer price increases seem likely.