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$CTAS said the deal with $GK is expected to be accretive to its EPS in its second full year after closing. $CTAS also anticipates realizing annual synergies of $130-140MM. Synergies are projected to be realized in their entirety in the fourth full year after closing. Upon completion of the merger, $GK will be a wholly-owned subsidiary of $CTAS.
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.