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Specialty finance company $ARCC said it entered into a merger agreement to acquire American Capital, excluding American Capital Mortgage Management, LLC. Under the terms of the transaction, American Capital shareholders will receive approx. $3.43Bil in total cash and stock consideration or $14.95 per fully diluted 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.