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To expand its compounded sterile preparations distribution business, $ABC to buy PharMEDium Healthcare Holdings from private equity firm Clayton, Dubilier & Rice for $2.575Bil in cash. The acquisition is expected to add $0.22-0.26 to $ABC's adjusted EPS in FY16 and generate approx. $30MM in synergies by FY18. The deal is expected to close in 1Q16.
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.