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$DOV has agreed to buy Italy-based innovative inks and consumables maker JK Group SPA and underwater pelletizing systems maker Gala Industries for about $520MM. On an operating basis, which excludes purchase accounting amortization, JK and Gala are expected to be about $0.23 accretive in 2016.
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.