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Salt & specialty fertilizer company $CMP said that it inked an all-cash transaction deal with Produquimica Industria e Comercio S.A. to buy 35% stake. The transaction valued at about $115.9MM is subject to customary post-closing adjustments. This agreement also includes a path to full ownership by early 2019.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.