First is getting FTC approval, which well take time & there's no guarantee that they well approve this deal. Second is time, 6 to 12 months to get this deal done? Way to long, & the shorts know this & well drive this stock down. Third getting RAI share holder approval. Even though BTA owns 42% they still need to get the 51% plus to get it through. I see Lo trading around $57 to $59 for the next 3 to 6 months before you see any move up. Glta...
I'm a moron? Your the smuck who bought at $63 could of sold at $69, & now LO sits at $60. So who's the smuck? But then again you really only have 100 shares. Keep drinking the cool aide fool!
What the hell buy another 10,000 shares , that way your average will come down, beside what's another "$600,000 among bullshiters
Looks like a great short to $30 on this horrible news.
Lannett Company, Inc. (NYSE: LCI) today announced that it has received interrogatories and subpoena from the State of Connecticut Office of the Attorney General concerning its investigation into pricing of digoxin. According to the subpoena, the Connecticut Attorney General is investigating whether anyone engaged in any activities that resulted in (a) fixing, maintaining or controlling prices of digoxin or (b) allocating and dividing customers or territories relating to the sale of digoxin in violation of Connecticut antitrust law. The Company maintains that it acted in compliance with all applicable laws and regulations and intends to cooperate with the Connecticut Attorney General’s investigation.
Where there smoke, there fire!
Reynolds American (NYSE: RAI) deal to acquire Lorillard (NYSE: LO) has a $740 million termination fee, according to SEC filings
BAT owned about 42 percent of Reynolds, and has agreed to buy around $4.7 billion of extra shares to help finance the purchase of Lorillard, and to retain an equivalent level of ownership in the resulting company. But BAT recently rolled out Vype, a e-cig brand in the United Kingdom.
This deal is as good a s done.
Reynolds and Lorillard value the deal at about $27 billion including debt. It is expected to close in the first half of 2015 but will likely face regulatory scrutiny. Lorillard shareholders would receive $50.50 in cash for each share and 0.2909 of a share in Reynolds stock at closing, a combination valued by the companies at $68.88 per share.
Again if u were RAI share holder would u approve this deal? Hell no!
Right now the market is telling u that RAi share holder should not/will approve this deal. Good luck
Where are all the pumpers go? Crawling back into their parents basement? Lol...Keep buying boys!
Come on bag holders get in there & buy, buy, buy. Lol See you at $2, then $1, then?