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Headlines Tagged with Lorillard 1,722 headlines found

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[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
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[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
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Fitch Downgrades and Withdraws Lorillard's Ratings; Removes Negative Watch

has downgraded Lorillard Inc.'s (Lorillard) Issuer Default Rating (IDR) to 'BBB-' from 'BBB' as well as Lorillard Tobacco Co.'s IDR to 'BBB-' from 'BBB'. Fitch has also removed the Negative Rating Watch (originally placed on July 15, 2014) and assigned a
Business Wire
added Jun 12, 2015 16:41
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[UK] Imperial Tobacco outperforms broad market with US expansion hopes

Imperial Tobacco outperformed a flat London market on Thursday on rising optimism about its US expansion. Shares in the Gauloises and JPS maker rose 1.5 per cent to £32.67, having been a laggard this week after UK pressure groups renewed their push for
Financial Times (uk)
added Jun 12, 2015 12:28
5 Views

FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

RAI used the net proceeds from the offering of the New Notes of approximately $8.9 billion to finance part of the cash portion of the Merger consideration, the unpaid fees and expenses incurred in connection with the Merger and related transactions contem
Reynolds American (RAI)
added Jun 12, 2015 12:16
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
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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
38 Views

[North Carolina] Can Imperial compete with Reynolds and Altria? For Greensboro’s sake, it better

in her written dissent, FTC Commissioner Linda Brill also laid out the perils...Imperial is getting only Reynolds' and Lorillard’s weakest brands — including Winston, Kool, Salem and Maverick--while Reynolds gets Newport, the top-selling menthol cigarette
Business Journal of the Greater Triad Area
added Jun 10, 2015 11:42
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