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Energy company $DVN said it will acquire 80,000 net surface acres in the Anadarko Basin STACK play from Felix Energy, a portfolio company of EnCap Investments, for $1.9Bil and 253,000 net acres in the Powder River Basin for $600MM in separate transactions. They will be funded with about $1.35Bil of equity and about $1.15Bil of cash and borrowings.
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.