that represents a 54% premium to verifone's closing right all cash, $3.4 billion and the stock, as you can see, is up by more than 51% right now. back over to you, melissa. >> all right, kate, thank you. kate rogers. let's go to karen, you used to own this stock. >> i used to be short this stock. >> oh, short >> way back when i haven't looked at it in a while. i like the payment space they do if you go to various retailers, you may very well use a verifone machine or taxi cabs. it's interesting private equity, that's interesting. i guess for the names that would be up on the heels of that would be ingenico or ncr which also has that kind of technology. >> or maybe extrapolating a little more something like a square in that they're providing terminals as well. so it bumps that valuation up a bit. that's where i would look tomorrow. >> square's valuation is already super high, right? >> bump it up -- in other words saying this is a 30, 40% in the after market. >> that's true all right. >> and they're coming off -- the guidance look for the next quarter wasn't particularly fantastic. but

market, one of those in the process of restructuring is a company called verifone.7 billion market market caap. so small cap. the turnaround stories really interest us because here's the company actively involved in the so the morerminal, and more you are not swiping, you are using the chip. those terminals and the software that accompanies thh that accompanies them, including security. we are convinced they can reward it shareholders in the future. on the low risk side, there are a couple in europe, mainly bat, the former british american tobacco, they are becoming a world leader in smokeless or heat - not burnt tobacco. for all those finding tobacco offensive, it is a pleasant alternative, not to mention the company takes tons of market share, growing earnings 24% in the last two years but no share price increased over the timeframe, which means they have , so the rated so -- derated that is too cheap. great business. julie: and when you look at a company like bat, yes it is smokeless tobacco or heated tobacco, is there still regulatory risk, because that is the s

2015.e most as much as 10.5% after an investor group led by francisco partners agreed to acquire verifoneu.s..o in takeover speculation in the session after ingenico was a target. --eaway.com, first quarter goldman saying it is ahead of estimates and finally, card factory. this is a small cap full-year adjusted pretax was above estimates. growth likely to be limited, but it does see a special dividend. you balance the positive and negative and it seems to be positive on balance for the start -- stock today. thank you, nejra cehic. earnings season about to kick off. we're heading into the 10th year of a bull market. earnings continue to underpin the case for buying but after recent declines in global equities, stocks are no longer priced to perfection. hightations are quite going into the reporting season and there is a lot at stake as volatility continues to climb. let's talk to dani burger. me through what predictions are and expectations going into the earnings season. a lot of superlatives here. earnings per share, 12 months forward is about the highest since 2008. in the u.s., earning

payment systems maker verifone has agreed to be taken private they will be led by francisco partners23.04 per share. that's nearly a 54% premium over yesterday's close. >>> tupperware is making more optimistic comments about its longer term prospects. that stock down almost 7%. >>> philip morris international was rated buy at deutsche bank that stock is up by 0.8% >>> coming up, the big drivers of the morning's market rally. plus synchronize your watches. we're counting down to mark zuckerberg on capitol hill today. he's going to answer questions by senators including john thune. that senator will join us in the next half hour with a preview of what to expect stay tube ned. you're watching "squawk" right here on cnbc >>> new this morning, chinese president xi jingping says the economy is open for business speaking for the first time since the trade tit for tat with the u.s. >> we will ease as soon as possible restrictions in automobiles in particular. >> the futures pointing to a triple digit gain at the open. >> but will the rally hold investors watching in washington >> this is a p

shares of verifone up sharply after the company reach for a deal to be acquired for two points at billionsh. the group led by canada's british columbia investment management. it is unanimously endorsing this deal, but subject to regulatory shareholder approval, the stock is sharply higher. 51%. that is definitely sharply higher stock to watch today. finally, if you fly a lot, especially into a land, this is not going to surprise you. hard l. jackson airport once again is the world busiest airport for 2017 despite a slight drop in passenger numbers are according to a trade group, 104 million pastor jackson last year. the 20th straight year the airport has claimed the honors the world busiest in probably the most annoying. the singer headlines. dagen: i will push back on the word honor. although atlantic does have a chick-fil-a in the airport. >> and an ihop. that is key by the way. dagen: really, you could ihop in atlanta? it seems like more of a sick context. senna grab and go. >> it is a sitdown. dagen: midge travels literally everyday of the week. we're lucky to have you here this morni