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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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November 30, 2015
18:43 EDTBTIBritish American Tobacco possibly bribed African officials, The Times says
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07:18 EDTBTI, ITYBY, RAIBritish American most likely acquirer of Imperial Tobacco, says Wells Fargo
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November 20, 2015
09:33 EDTBTI, ITYBYBritish American Tobacco rumored to prep for Imperial Tobacco takeover, FT says
British American Tobacco (BTI) has financing in place to launch a full takeover bid for Imperial Tobacco (ITYBY), though no approach has been made and there is "no certainty one ever will be," FT Alphaville said, citing people claiming direct knowledge of the process. The blog marked the story as "market chatter," it should be noted. Reference Link
November 18, 2015
06:39 EDTBTI, RAIE-cigarette sales slumping sharply, WSJ says
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