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Fly News Breaks for September 25, 2015
RAI
Sep 25, 2015 | 09:08 EDT
After Bloomberg reported that Japan Tobacco is in advanced talks to buy $5B of NAS assets from Reynolds, Wells says that such a transaction would enable Reynolds to monetize a "long underappreciated asset." If the deal is not made, the market will give Reynolds more value for the assets, according to the firm. It keeps an Outperform rating on the shares.
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