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$UTIW said that it had received the final antitrust clearance approval in South Africa for its previously announced acquisition by DSV A/S. Upon closing of the transaction, each ordinary share of $UTIW will be converted into the right to receive a cash payment of $7.10, without interest. The merger is expected to close on Jan. 22, 2016.
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.