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Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:22 EDTBTI, LO, ITYBY, RAICigarette manufacturers surge on deal discussions, FT says
Shares of Reynolds American (RAI) and Lorillard (LO) have surged this week on interest in a possible deal between the companies that together encompass 40% of the $90B U.S. tobacco market, reported the Financial Times. If Reynolds initiates a takeover bid for Lorillard, it could face counter-bids from companies like Imperial Tobacco (ITYBY). British American Tobacco (BTI) would also have a role since it owns 42% of Reynolds and holds five seats on the company's board. Reference Link
News For ITYBY;BTI;RAI;LO From The Last 14 Days
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December 15, 2014
06:27 EDTLO, RAILorillard, Reynolds investors to vote on merger on January 28, WSJ reports
Reynolds American (RAI) and Lorillard (LO) shareholders will vote on the proposed $25B merger on January 28, The Wall Street Journal reports. The FTC is continuing its antitrust review on the deal, and a ruling is expected in 1H15. Reference Link
December 8, 2014
08:25 EDTRAIReynolds American CFO change not related to negative event, says RBC Capital
After Reynolds' CFO retired, RBC Capital says that the CFO's retirement appears to have been planned ahead of time and does not indicate any problems at the company. The firm keeps a Top Pick rating on the shares.

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