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$LH said it agreed to buy $SQNM in a cash tender offer for $2.40 per share, or an equity value of $302MM, which represents a total enterprise value of about $371MM, including debt. $LH formed an acquisition unit, Savoy Acquisition, that will begin tender offer to buy all shares of $SQNM for $2.40 per share. The closing is expected by year end.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.