Dollar chains up; 99 Cents said to get Apollo bid

Dollar chains up; 99 Cents said to get Apollo bid

September 16, 2011, 9:51 am

Retail stocks rose on Friday, led by dollar store chains, after the New York Post, without identifying where it got the information, said that private-equity firm Apollo Management is expected soon to bid $22 to $24 a share for 99 Cents Only Stores .