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The purchase price of $409MM includes $315MM of cash, issuance of $1MM shares of company's common stock, and issuance of 87,500 shares of 3% Series A Convertible Preferred Stock. $CSAL intends to fund cash part of the transaction through cash on hand and borrowings under its revolving credit facility.
$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.