New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:42 EDTBTI, RAI, LOChance of Lorillard being bought by Reynolds has reached 90%, says Wells Fargo
After news reports stated that Reynolds American (RAI) is in talks to buy Lorillard (LO), Wells Fargo thinks there is a 90% chance of the deal getting done. The firm continues to believe that the deal will create value for the shareholders of both companies. Wells continues to anticipate that Reynolds will outperform, and that British American Tobacco (BTI) could either buy Reynolds or form a strategic partnership with it following its acquisition of Lorillard. Wells keeps Outperform ratings on both Reynolds and Lorillard.
News For LO;RAI;BTI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
14:14 EDTBTIBAT sees 'plain packaging' legal hearing in December, Reuters says
Subscribe for More Information
July 28, 2015
14:09 EDTRAIAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTRAIEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
Subscribe for More Information
08:02 EDTRAIReynolds American raises FY15 split-adjusted EPS view to $1.90-$2.00
Subscribe for More Information
08:01 EDTRAIReynolds American approves two-for-one stock split, 7.5% dividend increase
Subscribe for More Information
07:58 EDTRAIReynolds American reports Q2 EPS $1.02, consensus 97c
Reports Q2 revenue $2.4B, consensus $2.44B.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use