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$NEE signed a merger agreement revision with EFH that raised previously announced purchase price by $300MM. $NEE intends to fund $9.8Bil, mainly to repay EFIH's debt for total enterprise value of $18.7Bil. $NEE will use a combination of debt, convertible equity units and proceeds from asset sales to fund cash being provided to EFIH creditors.
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.