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$SCL said its unit in Brazil has agreed with Tebras Tensoativos do Brazil to acquire their commercial business and with PBC Industria Quimica to acquire their sulfonation production facility. The combined entities have annual sales of about $32MM, and 25,000 metric tons of sulfonation capacity. The deal is likely to close in 4Q16.
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.