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$AMC said it raised offer to buy $CKEC. The revised offer was approved by both BoD. The combined company will be headquartered in Leawood, Kansas. Adam Aron will serve as CEO and President, and Craig Ramsey will serve as EVP and CFO. Citi is serving as exclusive financial advisor and Husch Blackwell is serving as $AMC's lead legal advisor.
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.