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$ICE has agreed to buy Interactive Data Corporation for $5.2Bil. It will finance the $3.65Bil cash component with debt and will provide $ICE shares worth $1.55Bil. In addition to the significant strategic benefits of the acquisition, $ICE expects to realize $150MM in expense synergies.
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.