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$WDC said it received notice of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase up to 2.5MM shares or approx. 0.89% of its outstanding shares as of the date of the offer. TRC Capital's offer price is $42.95, 4.53% lower than the closing price of $WDC's shares on May 27, 2016, the first business day prior to the offer date.
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.