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$UIHC said it entered into Merger Agreement with RDX Holding, parent of American Coastal Insurance (ACIC) to combine companies in all-stock merger meant to qualify as tax-free reorganization. RDX members will receive $UIHC common stock based on exchange ratio providing for RDX members to own 49% of outstanding $UIHC common stock as of signing.
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.