Want to join the conversation?
Secure and sensor processing subsystems provider $MRCY said it has agreed to buy the embedded security, RF and Microwave, and custom microelectronics businesses of $MSCC for $300MM. The deal is now expected to close during $MRCY's 4Q16. The transaction is expected to add to FY17 adjusted EPS and adjusted EBITDA margin of $MRCY.
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.