Want to join the conversation?
Automobile spare parts distributor $LKQ said that it has inked a definitive agreement to acquire Rhiag-Inter Auto Parts Italia for a value of EUR1.04Bil. The Company plans to finance the acquisition with borrowings on its revolving credit facility. The deal is expected to close early in 2Q16 & would add to earnings in 2016.
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.