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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
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August 27, 2015
20:06 EDTRAIFDA issues warning letter to Reynolds American, others over tobacco packaging
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August 24, 2015
06:17 EDTBTI, RAITobacco groups consolidate brands to maintain customers, WSJ reports
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August 21, 2015
06:25 EDTBTIBAT raises offer for Souza Cruz, Reuters reports
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