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$ACOR said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its tender offer for $BITI has expired. On Jan. 19, $ACOR has agreed to buy $BITI for EUR 0.2946 per share and EUR 23.5680 per ADS in cash. The expiration of HSR waiting period satisfies one of conditions to tender offer, which has not yet been commenced.
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.