why? you don't make any profit off LO after the merger. You make the money if RAI price continues to goes up. If you bought at 60 and sell before the merger than then is a good call.
LO is back to stock price when merger news was officially announced in JULY. It has been a slow climb back to this price. We could see LO climb to 70 in the next two months.
in a way though we lose any profit gain on LO, unless RAI mirrors and goes higher. we are only locked in for the 50.50 per LO share.