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LORILLARD INC Message Board

  • busy26795 busy26795 Jul 11, 2014 10:11 AM Flag

    LO acquisition WFC expects RAI to pay a 20% premium to LO's closing price yesterday...that is $75

    News Breaks

    July 11, 2014

    LO Lorillard acquisition by Reynolds may be announced soon, says Wells Fargo
    Wells Fargo believes that an acquisition of Lorillard (LO) by Reynolds American (RAI) could be announced as soon as today or next week. The firm still sees a 90%+ probability of the deal being completed and thinks it will create value for shareholders of both companies. The firm expects Reynolds to pay a 20% premium to Lorillard's closing price yesterday of $63.09. wells expects both stocks to rise sharply today and reiterates Outperform ratings on both names

    Sentiment: Strong Buy

 
LO
71.400.00(0.00%)Jun 11 4:01 PMEDT