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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.
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