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Specialty chemicals company $ALB said that it has agreed to sell its Chemetall Surface Treatment business to BASF in a cash transaction of approx. $3.2Bil. This represents an LTM EBITDA multiple of 15.3x as of March 31, 2016. The transaction is subject to regulatory approvals & other customary closing conditions, & is expected to close 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.