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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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December 1, 2015
08:06 EDTBTI, RAIReynolds American signs vapor technology agreement with Nicoventures Holdings
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06:13 EDTBTIBAT: 'We do not tolerate corruption in our business,' Bloomberg reports
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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, RAIBritish American most likely acquirer of Imperial Tobacco, says Wells Fargo
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November 20, 2015
09:33 EDTBTIBritish 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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