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$XOM said it agreed to buy all outstanding shares of $IOC in transaction worth more than $2.5Bil. $XOM will pay $45 per share plus additional cash payment based on Elk-Antelope resource size to $IOC shareholders. $XOM said this acquisitions adds to its resources in successful Papua New Guinea business. The deal will close in September 2016.
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.