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$MCK said new company has received commitments for $6.1Bil of funded debt related to this deal, with proceeds to be used to repay about $2.7Bil of existing Change Healthcare debt, make $1.25Bil in cash payments to $MCK and make $1.75Bil in cash payments to Change Healthcare's stockholders, with balance to be used for transaction-related expenses.
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.