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Stock Market & Financial Investment News

News Breaks
March 4, 2014
07:46 EDTLO, RAILorillard unlikely to be bought by Reynolds soon, says Stifel
After media outlets reported that Reynolds (RAI) is in talks about acquiring Lorillard (LO), Stifel believes that regulatory roadblocks related to menthol will keep Reynolds from pursing an acquisition of Lorillard in the near-term. The firm does not believe that Lorillard is worth more than $60-$62 per share, and it keeps a Hold rating on the stock.
News For RAI;LO From The Last 14 Days
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July 28, 2015
14:09 EDTRAIAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTRAIEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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08:02 EDTRAIReynolds American raises FY15 split-adjusted EPS view to $1.90-$2.00
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08:01 EDTRAIReynolds American approves two-for-one stock split, 7.5% dividend increase
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07:58 EDTRAIReynolds American reports Q2 EPS $1.02, consensus 97c
Reports Q2 revenue $2.4B, consensus $2.44B.

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