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Health and well-being company $WBA said it exercised warrants to purchase 22,696,912 shares of $ABC common stock for an aggregate payment of approx. $1.17Bil. The transaction was funded using existing cash on hand. The company now owns 34,157,955 shares of $ABC common stock or 14.97% of its outstanding equity.
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.