I’m not even suppose to be here today. - Clerks (1994)
|—||Edwidge Danticat (via writersrelief)|
A 20-year-old man died after lightning from a rare summer thunderstorm jolted a Southern California beach, injuring or rattling more than a dozen people, authorities said.
Witnesses said they saw a glare of light and heard a tremendous boom as lightning struck the water off of Venice Beach around 2:30 p.m. Sunday. Swimmers cooling off on a muggy day, volleyball players on the sand and people strolling the famous boardwalk were jolted.
A 20-year-old man was taken from the beach to a hospital where he died, Los Angeles County coroner’s Lt. Larry Dietz said. His identity was not immediately released.
Confirmation of the cause of death was pending an autopsy. Dietz said he also can’t confirm whether the man was a swimmer who was pulled from the water and given CPR.
Twelve other people, including a 15-year-old boy, were examined after they felt the effects of the lightning, ranging from anxiety to a man who needed cardiopulmonary resuscitation. However, not all were necessarily actually struck by lightning, said Katherine Main, a city fire spokeswoman.
Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
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, which is an approximately 23 percent premium to Family Dollar’s Friday closing price of $60.66.
The companies put the enterprise value of the deal, including debt and other costs, at more than $9 billion.
Family Dollar stockholders will own somewhere between 12.7 percent and 15.1 percent of Dollar Tree’s outstanding common shares at closing. Shares spiked more than 24 percent and were headed for an all-time high before the opening bell Monday.
Shares of Dollar Tree neared an all-time high.
Core customers for bargain stores and major retailers like Wal-Mart have been among the hardest hit by the recession and its aftermath because of job instability.
Family Dollar has struggled and has attempted to reinvigorate sales by lowering prices on almost 1,000 basic items. It’s cut some jobs and shuttered underperforming stores.
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