|February 27, 2013|
|11:59 EDT||RAI, SDRL, EMN, INFY||Options with increasing implied volatility; INFY EMN IR SDRL RAI|
News For SDRL;INFY;EMN;RAI From The Last 14 Days
|January 25, 2015|
|17:53 EDT||RAI||Worries persist on Reynolds-Lorillard deal getting FTC approval, WSJ says |
Shareholders are expected to approve the combination of tobacco companies Reynolds-American (RAI) and Lorillard (LO) this week but the real concern for the deal that will result in a formidable competitor to rival Marlboro maker and market leader Altria Group (MO) is whether the FTC approves of the deal, says the Wall Street Journal. British American Tobacco (BTI), which owns 42% of Reynolds, agreed to vote for the deal which will make the third party to the deal, Imperial Tobacco Group (ITYBY), the No. 3 player in the U.S.,as Imperial agreed to pay $7B for Reynolds’ Winston, Salem and Kool brands and Lorillard’s Maverick cigarette and Blu e-cigarette brands, added the Wall Street Journal report. Reference Link
|January 22, 2015|
|09:16 EDT||SDRL||On The Fly: Pre-market Movers |
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|08:49 EDT||SDRL||North Atlantic Drilling says Seadrill to back 2018 bond in trade for amendments|
North Atlantic Drilling (NADL) announces the launch of an amendment process whereby Seadrill Limited (SDRL) will provide a guarantee for the company's NOK 1.5B bond maturing in 2018, in exchange for some amendments to the bond covenant package, namely replacing the NADL's current financial covenants with Seadrill's financial covenants from Seadrill's NOK denominated bonds. Concurrent with the amendment process for the Bond Agreement, NADL has also launched an amendment process for its secured credit facilities whereby Seadrill Limited will provide a guarantee. Successful conclusion of this process will amend the terms of the loan agreements to align with the terms set forth in Seadrill Limited's loan agreements. "The company's lenders have been supportive thus far and we expect successful conclusion of this amendment in the weeks to come," the company stated. North Atlantic Drilling shares are up 19% in pre-market trading following the announcement.
|January 21, 2015|
|09:32 EDT||RAI||Reynolds American to host special shareholder meeting|
Special shareholder meeting to approve the issuance of shares of common stock to Lorillard shareholders as consideration in the merger of the two companies will be held on January 28 at 9 am.
|January 20, 2015|
|10:44 EDT||RAI||Wells sees tobacco stocks as 'place to be' for 2015|
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|07:21 EDT||RAI||Wells Fargo calls Tobacco 'place to be,' upgrades Altria Group|
Wells Fargo calls the U.S. Tobacco sector the "place to be" in consumer staples in 2015. Wells lists positive catalysts for the group as stronger pricing power, protection from currency risk and upside potential from e-cigarettes. The firm says Reynolds American (RAI) remains its top pick and it raised its price target range for shares to $79-$81 from $69-$71. Wells upgraded Altria Group (MO) to Outperform from Market Perform with an increased price target range of $56-$58. The firm also has an Outperform rating on Lorillard (LO). Wells has a "high conviction" that Reynolds' deal with Lorillard will be approved by the FTC in March or April.
|January 12, 2015|
|13:14 EDT||SDRL||Seadrill volatility elevated as shares at six-year low|
Seadrill January call option implied volatility is at 77, February is at 75, April is at 84; compared to its 26-week average of 45 according to Track Data, suggesting large near term price movement.
|10:15 EDT||INFY||Options with decreasing implied volatility|
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF