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$TSRA agreed to buy $DTSI. The transaction has been unanimously approved by both BoDs. The combined company is expected to realize $15MM in annualized cost synergies within first 12-18 months after deal closing and sees revenue synergies from expansion of addressable markets and leveraging of complementary customer channels and technologies.
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.