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U.S. pharmaceuticals distributor $MCK said that it has agreed to acquire cancer-care services provider Vantage Oncology LLC and oncology pharmacy services company Biologics, Inc. The combined transactions, valued at $1.2Bil, will be funded by a mix of cash and incremental debt and are expected to close in 1Q17.
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.