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$GPN expects the $HPY purchase deal to be mid-single digit addition on a percentage basis to cash EPS in FY17 and double-digit addition thereafter. $GPN expects to realize at least $50MM in synergies in FY17 and about $125MM of annual run-rate synergies thereafter. $GPN plans to fund cash consideration with fully-committed debt financing.
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.