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$STZ has agreed to acquire The Prisoner Wine Company brands, a portfolio of five wine brands. The cash paid at closing for the deal is expected to be about $285MM. The transaction is expected to close by end of April 2016 and to be $0.03-0.05 accretive to EPS for FY17. $STZ is planning to execute an IPO for a portion of the Canadian wine business.
$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.