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July 9, 2014
12:42 EDTBTI, RAI, LOLorillard, 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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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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