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Stock Market & Financial Investment News

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March 20, 2013
08:28 EDTLOLorillard details long-term earnings growth scenarios
Lorillard, in investor meeting presentation slides, gave three financial scenarios depending on the regulatory environment. The company's mid-single digit long-term earnings growth rate scenario includes a heightened promotion environment, no new products, share repurchases from free cash flow, and limited contribution from blu eCigs. Its high-single digit long-term earnings growth rate scenario includes normal historical pricing, while its low-double digit scenario includes new incremental products, additional leverage-driven share repurchases, and a meaningful contribution from blu eCigs. Lorillard notes that all scenarios deliver double-digit shareholder return.
News For LO From The Last 14 Days
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March 29, 2015
16:28 EDTLOReynolds American, Lorillard to meet with FTC this week, WSJ says
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March 23, 2015
15:53 EDTLOCapitol Forum: FTC timing agreement for Lorillard deal extended, Bloomberg says
Capitol Forum reported earlier, citing a person familiar with the matter, that the FTC timing agreement for the review of Reynolds American's (RAI) proposed acquisition of Lorillard (LO) has been extended by one week to March 31.

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