Want to join the conversation?
US data storage maker $WDC agreed to buy all outstanding shares of $SNDK for $86.50 per common share or total equity value of about $19Bil.$WDC will pay $85.10 per share in cash and 0.0176 common share per $SNDK common share. The deal, which is approved by both companies' BoD, is expected to close in 3Q16.
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.