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Genesys will buy $ININ. The transaction is not contingent upon financing, with committed debt financing being provided by Bank of America Merrill Lynch, Citigroup Global Markets, Goldman Sachs and RBC Capital Markets. Union Square Advisors is serving as exclusive financial advisor to $ININ and Faegre Baker Daniels is serving as 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.