Information Provided By:
Fly News Breaks for October 21, 2016
PM, MO, RAI
Oct 21, 2016 | 14:06 EDT
Wells Fargo analyst Bonnie Herzog questions whether $56.40 per share is enough of a premium to get Reynolds American (RAI) to accept British American Tobacco's (BTI) offer to purchase the 58% of RAI common stock it does not already own and thinks Reynolds may negotiate for a higher price. She also believes such a deal, if completed, would increase the likelihood that Altria (MO) and Philip Morris (PM) would seek to combine. The firm has an Outperform rating on Reynolds American and an Overweight rating on the tobacco sector.
News For RAI;MO;PM From the Last 2 Days
There are no results for your query RAI;MO;PM