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$HYH said that it has agreed to acquire Buffalo Grove, Illinois-based CORPAK MedSystems for $174MM. The all-cash transaction will be funded with a combination of current cash and $HYH's revolving credit facility. The transaction is expected to close in the second quarter.
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.