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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:51 EDTBTI, LO, RAIReynolds American upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Reynolds American (RAI) to Buy from Neutral and increased its price target to $65 from $63. The firm upgraded shares due to favorable industry pricing trends, recent management changes and notes a potential accretive merger with Lorillard (LO) or further collaboration with British American Tobacco (BTI).
News For RAI;LO;BTI 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.
December 4, 2014
16:36 EDTRAIReynolds American announces CFO transition plan
Andrew Gilchrist to become CFO effective March 1, 2015. Thomas Adams, current CFO, will begin transitioning the CFO role to Gilchrist in January. Adams plans to retire after the transition in March.

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