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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.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.