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Stock Market & Financial Investment News

News Breaks
May 29, 2014
15:01 EDTRAI, LOChances for Lorillard, Reynolds deal remain high, says Wells Fargo
Wells Fargo said earlier that it continues to believe that a Lorillard (LO) merger with Reynolds American (RAI) remains very likely. The firm said that during meetings with Lorillard management CEO Murray Kessler wouldn't say much about speculation of a potential deal, but also did not deny the stories and acknowledged that industry consolidation could "absolutely" occur. Wells has Outperform ratings on both Reynolds and Lorillard.
News For LO;RAI From The Last 14 Days
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December 15, 2014
06:27 EDTLO, RAILorillard, Reynolds investors to vote on merger on January 28, WSJ reports
Reynolds American (RAI) and Lorillard (LO) shareholders will vote on the proposed $25B merger on January 28, The Wall Street Journal reports. The FTC is continuing its antitrust review on the deal, and a ruling is expected in 1H15. Reference Link
December 8, 2014
08:25 EDTRAIReynolds American CFO change not related to negative event, says RBC Capital
After Reynolds' CFO retired, RBC Capital says that the CFO's retirement appears to have been planned ahead of time and does not indicate any problems at the company. The firm keeps a Top Pick rating on the shares.

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