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Stock Market & Financial Investment News

News Breaks
July 9, 2014
12:42 EDTLO, RAI, BTILorillard, Reynolds deal still most likely outcome, says Wells Fargo
After it was reported that British American Tobacco (BTI) is potentially in talks to acquire the 58% of Reynolds American (RAI) that it doesn't own, Wells Fargo says it still believes a combination between Reynolds and Lorillard (LO) remains the most likely outcome. The firm thinks Susan Cameron was not brought back to run Reynolds to help facilitate a sale transaction to BAT. Wells recommends buying shares of Lorillard on any pullback should a deal between BAT and Reynolds be announced, as it thinks that ultimately a transaction to buy Lorillard would likely follow.
News For LO;RAI;BTI From The Last 14 Days
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September 1, 2014
13:29 EDTRAIImperial Tobacco secures $13B in loans to fund asset purchases, Reuters says
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August 29, 2014
08:05 EDTLO, RAIReynolds, Lorillard receive additional information requests from FTC
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August 27, 2014
07:28 EDTRAI, BTI, LOTobacco giants grab C-store e-cig share as sales shift to 'vape shops,' WSJ says
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August 26, 2014
13:17 EDTBTI, LO, RAIWHO calls on countries to restrict e-cigarette use, NY Times says
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