RE2 Inc. raises $2.2M for development, expansion
Lawrenceville-based robotic manipulator arm company RE2 Inc. has closed on a $2.25 million series A funding round. Downtown-based Draper Triangle Ventures leads the round and is joined by Innovation Works’ firm Riverfront Ventures. The funding will go toward accelerating product development and penetrating new markets.
Dollar General enters bidding for Family Dollar
Dollar General is starting a bidding war for struggling Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid. Last month Dollar Tree Inc. made an $8.5 billion bid for Family Dollar.
Homebuilder confidence rises in August
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose in August to 55, up two points from a revised reading of 53 in July. The latest reading is the third monthly increase in a row and the highest since January, when it was 56. Readings above 50 indicate more builders view sales conditions as good.
Former NFL great Carter sues Tyco
Cris Carter, a former wide receiver inducted into the National Football League’s Hall of Fame last year, has sued a Tyco International Ltd. unit he said failed to fulfill parts of a 2012 agreement to buy a division of his Carter Brothers security business. In October 2012, Tyco Integrated Security LLC agreed to buy the equity interest in Atlanta-based Carter Brothers LLC for $35.8 million, according to the lawsuit. Mr. Carter says in the complaint filed in in New York State Supreme Court that he is still owed $3 million.