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$SZMK and Vector Capital said Solomon Merger Subsidiary Inc. began tender offer for all common shares of $SZMK at price of $3.90 per share, net to seller in cash without interest. The offer and withdrawal rights are scheduled to expire at end of Sept. 26, 2016, unless extended or earlier terminated. Upon completion, $SZMK to become private.
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.