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REIT $ZFC and Sutherland Asset Management (SAM), said they have determined the exchange ratio as per terms of merger agreement dated April 6. SAM stockholders will get 0.8356 shares of combined company for each SAM share held, and SAM operating partnership unit holders will get 0.8356 partnership units for each partnership interest held.
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.