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Lorillard, Inc. Message Board

  • rhapsodyin2006 rhapsodyin2006 Jun 14, 2011 2:05 PM Flag

    Buyout rumour

    Anyone heard anything on this, why moving 10%+ higher today?

    Favorable FDA ruling on Menthol?

    Buyout would be a sure double, favorable FDA ruling would yield another 50% run similar to the move out of mid-70's a few months back. Bought at $75, sold at $110, bought in again at $98 yesterday.

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    • Here it is:

      An FDA committee will discuss "proposed changes" and "adopt amendments" to its report on menthol cigarettes, which concluded that the removal of menthol cigarettes would benefit public health in the U.S., according to Tobacco E-News, which cited the Federal Register. However, an FDA spokeswoman said that any changes implemented by the committee as a result of its July meeting won't affect the report's conclusions or recommendations, the publication added.

 
LO
65.35-1.07(-1.61%)Mar 31 4:02 PMEDT