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Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:22 EDTRAI, BTI, LO, ITYBYCigarette 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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March 23, 2015
15:53 EDTLO, RAICapitol Forum: FTC timing agreement for Lorillard deal extended, Bloomberg says
Capitol Forum reported earlier, citing a person familiar with the matter, that the FTC timing agreement for the review of Reynolds American's (RAI) proposed acquisition of Lorillard (LO) has been extended by one week to March 31.
06:59 EDTRAIBig Tobacco accused of trying to dampen e-cigarette sales, Reuters says
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March 15, 2015
15:59 EDTITYBY, LO, RAIFTC increases scrutiny on Reynolds-Lorillard deal, WSJ says
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