you asked: 'If RAI moves up, shouldn't LO follow?'
merger info indicates LO holders are to get .2909 per RAi share. so lets looks at today. RAI as I write is up .92% that times .2909 computes to us expecting to see LO up .26% and it is up .25%. So why are you confused... they *are* moving in lockstep ratio to the merger terms ratio eh?
disclaimer: do your own due dilegnece this post is not advice and shoudl and cannot be construed or used by anyoine as advice. there is no assurance a merger will be completed or completed on the terms the companies have published. I am not an expert . so I know only what I have read from what the companies invloced have put in their public filings. I am a layman and you should seek your own expert advice and counsel. that enough of a disclaimer?
u on same email alerts I am . this is good news and prior to the ukraine news markets were pushing this nicely higher. in any event im in it now for the long haul and this div sure wont hurt!
here's the actual release showing $0.615 with my # of shares hey that half cent matters heh!
Lorillard, Inc. Announces Quarterly Dividend on Common Stock
GREENSBORO, N.C., Aug. 15, 2014 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest tobacco company in the United States, announced today the declaration of a quarterly dividend on its common stock in the amount of $0.615 per share. The dividend is payable on September 10, 2014 to stockholders of record as of September 1, 2014.
no I was just figuring amount and date from last filing and asking boost to confirm. likely a virtual certainty but I don't think 'posted' yet.
you can feed this troll if you want but again you shodul be away he is just 'upset' that I mess with him on COST board and so is so dumb and unorginal he is tryign to steal my red again bit. from his posts before I put him on ignore its just a young kid who is super racist and thinks thats funny or orginal. dumb as a stump too so all in all that gets the ignore button every time in my book! again so as you please just want to make sure you knwo whats up with this loser. QED
folks I notice there is a blank user so it must this idiot racist I have on ignore. feel free to put this loser on ignore like I have done. He is such sad very young person. He does not have one original idea or post EVER. I used to toy with this youngster then he started with these wildly offensive posts on boards about certain minorities and I just hit the ignore button. life is too short to deal with youngs kiz here and especially racist ones. this wil be my only post on the subject. lets get back to grown up investment stuff eh.
what did it say in the sec filings re: the merger? wasnt it something to the effect of ' expected to close in first half of next year'? Well fella many on teh street get bonuses based on year end perfomance metrics... so this is way way too far away for short term mentality to do much of anythign except mirror the market a bit on price. having said that once it jumps on some hopefully positive news such as progress being made, a better bid woudl be nice ;-), etc. then if you are not already in it kinda moved away from you. patience is required to get this return... after all if it were a 1-2% potential gain only, then it woudl be a 90% certaintly closing in quarter eh.
good responses here ..also sec filings states:
'In connection with entering the Merger Agreement, Lorillard suspended future share repurchases. As permitted by the Merger Agreement, Lorillard expects to continue its current dividend policy, including annual increases consistent with past practice. '
uh oh now thats a miss right? just imo
I thought it was a net positive for LO shareholders and shows she is confident and I esp. liked her ability to easily bat away questions with good solid answers for the non nformed question ansker ie talking heads. Solid.. but then what woudl expect from a woman who made it to teh top of reynolds eh? I got anohter big leg in friday at close. Not sure I have teh nads to go more now but one never knows ;-) G/L to all let's hope johnny rotten wsa right and 'big business is very wise'
I'm adaptable, I'm adaptable
I'm adaptable and I like my new role
I'm getting better and better
And I have a new goal
I'm changing my ways where money applies
I took lack's post to mean is the divendend amount(s) paid pre actual merger included in jayjay's 67 number. theoretically it shodul not matter since any div woudl decrase share price in lockstep with the amount (at the Lo level). but short anser is he prob was not incl. it. per se.
thx for the detail jayjay and I tend to agree with notsoobvious that when you talk BIG cap deals liek here and get all teh BIG I-banker names there are not a lot of things left to chance. This is BIG BOY time and you better believe everyone needs to get paid so I's dotted and T's crossed. that's why im willing to get it in even though I am 'late to the party.'
The current spread feels liek it rewards the risks and time involved.you did a nice job of layign those out. I have already averaged in twice-luckily AFTER teh announced deal so got the 12% drop whew- but have powder left and will consider doing some more (though loathe to avg. up as it were). Both these co's have excellent finainicals pareticulalry nice is cash flow and so that alone woudl supply a little conservativism to this deal sinc we are not talking tech or fly by night pharma merger that goosed it to the moon. notheless there are moving parts.
Not sure if either of you partook of the BMC LBO but I backed up truck after news out for the 3.5% and it cane off Aces! that was liek a 95% done deal though when announced!
PS im a bit nervous.. I mean why SUCH a high premium still ... is it fda scare what are odds on that being a knock out? cant be sharegolder/board approval i mean that is virtually in the bag do you agree ? thx again
I agree jayjay indeed I presented as much in my pre earnigns post speculating that some firms to be bought tend to get rid of the dirty laundry for just such a putpose. of course aroudn the edges nothing illegal you understand! So this is okay qtr call given that hypothesis -which is all it is! So jay jay I am thinking of adding more here as I like the risk/reward for teh time frame.
What are your thoughts you seem like a smart investor. im just a lyaman but figure the odds of a successfull deal at about 75% or even a littel higher given the deal has pretty much been hammered out with all parties invloced icluding regulators else why woudl they have dumpred blu etc. what are your thoughts on risk reward at this level and what is a good estimate of final day of tradng in LO? TIA!