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Stock Market & Financial Investment News

News Breaks
May 29, 2014
15:01 EDTLO, RAIChances 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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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 EDTRAITobacco groups consolidate brands to maintain customers, WSJ reports
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