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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:46 EDTMOAltria Group agrees to acquire e-vapor business of Green Smoke for $110M
Altria Group announced that its subsidiary, Nu Mark entered into an agreement to acquire the e-vapor business of Green Smoke and its affiliates for approximately $110M in cash, subject to closing adjustments, and up to $20M in incentive payments. Green Smoke's revenues for 2013 were approximately $40M. The agreement contains provisions to retain key management infrastructure and talent. Subject to closing conditions, Nu Mark anticipates that the transaction will be completed in the second quarter of 2014.
News For MO From The Last 14 Days
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April 16, 2014
06:48 EDTMOStudy found e-cigarettes promote cancer growth, NY Times reports
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April 15, 2014
11:28 EDTMOPhilip Morris USA makes master settlement payment of approximately $3.3B
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April 9, 2014
10:06 EDTMOOn The Fly: Analyst Initiation Summary
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09:23 EDTMOAltria Group initiated with a Neutral at Nomura
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05:50 EDTMOStocks with implied volatility movement; MO PBR
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April 4, 2014
07:18 EDTMOU.S. FDA Chief says e-cigarette ruling coming 'very soon,' Reuters says
The U.S. Food and Drug Administration is "pushing very hard" to release a proposed rule that would establish its authority over e-cigarettes, according to Reuters, citing comments from FDA Commissioner Margaret Hamburg. Hamburg says that she expects the proposal to be ready for release "very soon." Publicly traded companies in the tobacco industry include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link

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