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$WNR and $NTI said that they have entered into a merger deal whereby $WNR will acquire all of $NTI's outstanding units not already owned by $WNR. Under the terms of the deal, $NTI unitholders will receive $15.00 in cash and 0.2986 of a share of $WNR common stock for each $NTI common unit held. The transaction is expected to close in 1H16.
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.