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$MAA said the company has entered into an agreement to buy $PSS, creating a Sunbelt-focused, publicly traded, multifamily REIT. The combined company is expected to have a pro forma equity market capitalization of approx. $12Bil and a total market capitalization of approx. $17Bil. $MAA expects the transaction to close during 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.