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$EA 1Q16 Q&A: Handler of MKM Partners about convert, Blake commented that original value of the convert, $633MM, that has to be settled in cash and the upside component of that settled in stock. Right now at the avg. stock price for the quarter, $61.61, that would equal 6.6MM shares of stock that would be used to settle the convert.
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.