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Stock Market & Financial Investment News

News Breaks
March 10, 2014
10:13 EDTBTI, ITYBY, LO, RAIReynolds American advances after Citi says could be takeover target
Shares of cigarette maker Reynolds American (RAI) are climbing after Citigroup wrote that the company could be acquired by British American Tobacco (BTI). WHAT'S NEW: In a note to investors earlier today, Citigroup analyst Vivien Azer forecast that Reynolds American (RAI) is likely to either enter into a joint venture with British American Tobacco or be acquired by the British company. After meeting with Reynolds' CEO and Chief Scientific Office last week, Azer thinks that the fundamentals of Reynolds' business "reinforce its attractiveness" to British American, either as an acquisition target or joint venture partner, she wrote. WHAT'S NOTABLE: In a separate note to investors earlier today, Citigroup U.K.-based analyst Adam Spielman wrote that it would be logical for British American to acquire the 58% of Reynolds it doesn't already own, as the deal would be accretive to British American's EPS while enabling the British company to access Reynolds' intellectual property related to e-cigarettes. It is "quite possible" that British American will acquire Reynolds, but it is unlikely that Reynolds will buy another company in the sector, Lorillard (LO), according to Spielman. If British American decides to bid for Lorillard, it would look to acquire Reynolds first, added Spielman. Imperial Tobacco (ITYBY) is also not likely to bid for Lorillard, the analyst believes. Spielman kept a Buy rating on British American, while Azer maintained a Buy rating on Reynolds American. PRICE ACTION: In early trading, Reynolds American rose 1.2% to $54.17, while Lorillard fell 1% to $52.45. British American Tobacco shares trading in New York were little changed near $110.75.
News For RAI;BTI;LO;ITYBY From The Last 14 Days
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February 26, 2015
08:23 EDTRAI, LOLorillard appoints CFO David Taylor as Chief Executive of ITG Brands
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06:23 EDTBTIBAT plans to sue U.K.'s government if 'plain packaging' approved, WSJ reports
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February 25, 2015
09:39 EDTRAI, LOR.J. Reynolds, other makers reach favorable resolution of Engle progeny cases
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09:31 EDTLOLorillard agrees to resolve federal Engle progency cases
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February 24, 2015
10:12 EDTLOOptions with increasing implied volatility: LO ARIA OWW
February 23, 2015
11:55 EDTBTIBAT may buy out Brazilian minority stake for $3B, Bloomberg reports
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10:45 EDTLOOptions with increasing implied volatility
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February 20, 2015
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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February 19, 2015
14:16 EDTLOLorillard increases dividend 7% to 66c
Lorillard announced that its board approved a 7% increase in the quarterly dividend on its common stock to 66c from 61.5c per share. The dividend is payable on March 10 to stockholders of record as of March 2.
February 17, 2015
07:15 EDTRAIConsumer Analyst Group of New York (CAGNY) to hold a conference
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