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$PG said the final exchange ratio for its exchange offer for shares of its common stock will be 3.9033 shares of common stock of Galleria Co. for each share of its common stock accepted in the exchange offer. Based on the final exchange ratio, P&G will accept for exchange a maximum of 104,969,205 shares of $PG common stock in the exchange offer.
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.