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$MTSC said the underwriters of its recent public offering have exercised their over-allotment option to purchase an additional 247,500 common shares, bringing the total number of shares sold in the offering to 1,897,500 shares and total gross proceeds to about $79.7MM. Total net proceeds of offering to $MTSC will be about $73.5MM.
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.