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Evansville, Ind.-based $ONB and Madison, Wisc.-based $ABCW said that they have entered into a merger agreement, under which $ONB will acquire $ABCW through a stock & cash merger. The total transaction is valued at about $461MM and anticipated to be closed in 2Q16. The merger has been unanimously approved by the BoDs of both $ONB and $ABCW.
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.