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Power and energy company $D and $STR have agreed to combine together in an all-cash transaction where $D has agreed to pay $STR shareholders $25 per share, about $4.4Bil and assume $STR's outstanding debt. The transaction will add to $D's earnings upon closing, which is expected by year-end 2016 with limited impact on its balance sheet.
$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.