Want to join the conversation?
Hamzah Mazari from Macquarie asks about the capital structure post G&K acquisition & capital allocation post that deal closing. $CTAS commented that the expectation is to pay for that transaction in cash. $CTAS will be borrowing with part short term & long term borrowings. The goal is to bring the leverage level back in line with historical levels.
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.