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$ACOR said it has agreed to issue $75MM of common stock in private placement transaction. $ACOR plans to use net proceeds to fund, in part, acquisition of $BITI. If acquisition of $BITI is not consummated for any reason, $ACOR will use all proceeds from for general corporate purposes. The placement will close in Jan. 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.