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$CP sent a revised offer letter to $NSC. At deal closing in May 2016, $NSC shareholders will receive $32.86 in cash and 0.451 shares of stock in new company which will own $NSC and $CP. The revised transaction offers 37-53% premium to today's closing price of $91.52 and 58-77% premium to unaffected price of $79.14 per share.
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.