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Headlines Tagged with ITG Brands 96 headlines found

14 Views

[North Carolina] Retailers remain cautious about impact of Reynolds megadeal

a survey of retailers found an overall lack of confidence in a competitive environment. The survey was conducted by Wells Fargo Securities analyst Bonnie Herzog, one of the industry's top analysts and the most vocal in projecting federal regulatory appro
Winston-Salem (NC) Journal
added Jun 15, 2015 17:30
32 Views

U.S. Tobacco Industry Is Enjoying Return to ‘Old Days,’ CEO Says

The rosier outlook may make the U.S. more inviting to foreign companies, which have largely steered clear of the nation in recent decades, Cameron said. The U.K.’s Imperial Tobacco Group Plc. is already expanding its presence in the market by buying four
Bloomberg News
added Jun 15, 2015 10:26
33 Views

[USA] Acquisition of US assets completed

On 15 July 2014, Imperial Tobacco Group PLC (the “Company”) announced that a subsidiary of the Company (“ITG Brands”) had entered into a purchase agreement with Reynolds American Inc. (“Reynolds”) for the acquisition of certain US cigarette and e-cigaret
Imperial Brands (nee Imperial Tobacco) (uk)
added Jun 13, 2015 20:54
10 Views

Form 8-K CURRENT REPORT

entered into an Asset Purchase Agreement (as amended, the “Asset Purchase Agreement”) and Lorillard, Inc. (“Lorillard”), a Delaware corporation, entered into a Transfer Agreement (the “Transfer Agreement”), in each case with ITG Brands, LLC (formerly know
Reynolds American (RAI)
added Jun 12, 2015 17:37
14 Views

[UK] It's a deal: £4.6bn buy-up puts Imperial Tobacco at No3 in USA

The shares increased 1p to 3268p after chief executive Alison Cooper said: ‘I’m delighted to announce the completion of this deal, which will transform our position in the US and generate significant returns for our shareholders.’
The Daily Mail and Mail on Sunday (uk)
added Jun 12, 2015 17:35
24 Views

[North Carolina] The Big Day: Reynolds completes acquisition of Lorillard today

Business as usual is the expected game plan as two Triad tobacco manufacturers completed today the largest corporate acquisition in industry and regional history. The final purchase price comes in at $29.25 billion for Reynolds American Inc.’s megadeal f
Winston-Salem (NC) Journal
added Jun 12, 2015 16:46
37 Views

Reynolds American completes acquisition of Lorillard and related divestitures (PDF)

As a result of the acquisition, Lorillard is a wholly owned subsidiary of RAI, and former Lorillard shareholders will own approximately 15 percent of RAI’s common stock. RAI’s operating companies have key brands across major industry categories: Newport,
Reynolds American (RAI)
added Jun 12, 2015 10:18
12 Views

FORM 8-K CURRENT REPORT

On June 11, 2015, Reynolds American Inc. (“RAI”) issued a press release announcing that it is commencing exchange offers (the “Exchange Offers”) pursuant to which it is offering to issue its new senior notes (the “RAI Notes”) in exchange for any and all (
Reynolds American (RAI)
added Jun 11, 2015 21:51
42 Views

Reynolds-Lorillard deal may hinge on corrective statements

The final legal piece permitting Reynolds American Inc.’s $29.1 billion purchase of Lorillard Inc. appears to be Reynolds agreeing to run corrective marketing statements that would have been Lorillard’s responsibility. The federal judge who signed Monday
Winston-Salem (NC) Journal
added Jun 10, 2015 19:39
32 Views

Reynolds-Lorillard Clear Final Hurdle, Merge June 12

Post acquisition, Reynolds’ annual revenue is expected to be $11 billion and operating income is likely to amount to $5 billion. The acquisition is expected to consolidate the tobacco industry and increase growth opportunities for Reynolds. The merger wi
Zacks Investment Research, Inc.
added Jun 10, 2015 11:44
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