LO News 60.59 07/29/2014 05:24:34 Lorillard Inc (LO)

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Lorillard Inc (LO) 60.59 $LO

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Lorillard, Inc. in Connection with the Sale of the Company
Business Wire - Mon Jul 28, 5:35PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Lorillard, Inc. ("Lorillard" or the "Company" (NYSE: LO) relating to the proposed acquisition by Reynolds American, Inc. ("Reynolds".

How Will Lorillard (LO) Stock Be Affected By This Price Target Increase?
at The Street - Mon Jul 28, 8:01AM CDT
Lorillard (LO) was upgraded to 'neutral' by analysts at Nomura (NMR) who also raised their price target to $64 on Monday.

Upgrade Alert for Lorillard (LO)
Comtex SmarTrend(R) - Mon Jul 28, 6:58AM CDT
Lorillard (NYSE:LO) was upgraded from Reduce to Neutral at Nomura today. The stock closed yesterday at $60.73 on volume of 1.7 million shares, below average daily volume of 4.8 million. Lorillard share prices have moved between a 52-week high of $67.46 and a 52-week low of $41.56 and closed yesterday at 46% above that low price at $60.73 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.3%.

Judge's New Menthol Ruling Could Help Lift Tobacco Merger
Rich Duprey, The Motley Fool - Motley Fool - Sat Jul 26, 8:00AM CDT
Source: Wikimedia Commons As part of making the $27 billion megamerger between tobacco giants Lorillard and Reynolds American work, the two agreed to calve off a number of cigarette brands to Imperial Tobacco Group in a separate $7 billion...

Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Lorillard, Inc. Stockholders
Business Wire - Wed Jul 23, 12:56PM CDT
Kirby McInerney LLP is investigating potential claims against Lorillard, Inc. ("Lorillard" or the "Company" (NYSE: LO) concerning the proposed acquisition of the Company by Reynolds American, Inc. ("Reynolds" (NYSE: RAI). Under the terms of the definitive merger agreement, Lorillard stockholders will receive $50.50 in cash and 0.2909 shares of Reynolds common stock for each share of Lorillard common stock they own, valuing the deal at approximately $27 billion.

Reynolds American Gets Burned in Tobacco Lawsuit
Rich Duprey, The Motley Fool - Motley Fool - Tue Jul 22, 9:00AM CDT
Source: Wikimedia Commons. It's a good thing Imperial Tobacco Group had an indemnity clause inserted when it agreed to  buy a bunch of cigarette brands from Reynolds American and Lorillard to smooth those companies' merger. Because...


Marlboro maker Altria's 2Q profit stays flat
AP - Tue Jul 22, 8:58AM CDT
RICHMOND, Va. (AP) — Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold.

Judge: FDA can't use tobacco panel menthol report
By MICHAEL FELBERBAUM - AP - Mon Jul 21, 7:43PM CDT
RICHMOND, Va. (AP) — The Food and Drug Administration can't use an advisory panel's 2011 report on menthol cigarettes because its members had conflicts of interest, a federal judge ruled Monday.

Lorillard Shares Up 17.5% Since SmarTrend's Buy Recommendation (LO)
Comtex SmarTrend(R) - Mon Jul 21, 5:20PM CDT
SmarTrend identified an Uptrend for Lorillard (NYSE:LO) on March 3rd, 2014 at $51.92. In approximately 5 months, Lorillard has returned 17.50% as of today's recent price of $61.00.

Reynolds Drops On Jury Award As Merger Questioned
at Investor's Business Daily - Mon Jul 21, 5:17PM CDT
Tobacco giant Reynolds American (RAI) stumbled Monday on news that a Florida jury awarded the widow of a long-time smoker who died of lung cancer a $23.6 billion verdict. The verdict, handed down last Friday, hit most tobacco stocks. The Tobacco...

An Investor's Guide to the Reynolds American and Lorillard Merger
Rupert Hargreaves, The Motley Fool - Motley Fool - Mon Jul 21, 4:26PM CDT
The much-rumored deal between Lorillard and Reynolds American has been announced. Reynolds will buy Lorillard in a partially debt-financed transaction for around $28 billion. Of course, the deal still has to be approved by regulators, which...

Lorillard (LO) Crosses Pivot Point Support at $60.49
Comtex SmarTrend(R) - Mon Jul 21, 9:33AM CDT
Shares of Lorillard (NYSE:LO) have bearishly opened below the pivot of $61.15 today and have reached the first support level of $60.49. Analysts will be watching for a cross of the next downside pivot targets of $59.29 and $57.43.

Stock Futures Set For Weak Open; Reynolds Slides On Jury Award
at Investor's Business Daily - Mon Jul 21, 7:58AM CDT
Stock futures dragged lower at the start of the week as international conflict amped up and tobacco stocks fell after a Florida jury decision. Dow futures lagged 35 points below fair market value. Nasdaq 100 and S&P 500 futures were down a bit more...

Ahead of the Bell: Reynolds American shares slide
By The Associated Press - AP - Mon Jul 21, 7:22AM CDT
Shares of Reynolds American stumbled in premarket trading Monday in the first trading since a Florida jury awarded $23.6 billion in punitive damages against its R.J. Reynolds Tobacco Co.

Will Altria Group Resume Downward Earnings Trend?
at The Street - Mon Jul 21, 5:00AM CDT
The tobacco company's recent recovery could change direction again if it doesn't impress investors.

Here's the Real Winner of the Lorillard/Reynolds American Merger
Bob Ciura, The Motley Fool - Motley Fool - Sun Jul 20, 8:00AM CDT
After several weeks of speculation, the big tobacco merger is happening. Tobacco giant Reynolds American will buy out close rival Lorillard  for $27 billion. The deal involves the second- and third-largest tobacco companies joining forces to...

How to 'Piggyback' Nelson Peltz's Interest in Bank of New York
at The Street - Sat Jul 19, 10:00AM CDT
Options are ideal way to profit on mergers, and deals involving high-profile activist investors like Nelson Peltz and Carl Icahn.

Here's What you Need to Know About the Reynolds American-Lorillard Deal
Rupert Hargreaves, The Motley Fool - Motley Fool - Sat Jul 19, 9:00AM CDT
Reynolds American and Lorillard announced their intent to merge earlier this week, ending months of speculation by investors and analysts alike. However, it seems as if the deal has not quite gone according to plan. At the time of writing,...

INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Lorillard Inc. and Its Board of Directors in Connection with the Sale of the Company to Reynolds American Inc.
Business Wire - Fri Jul 18, 6:29PM CDT
Levi & Korsinsky is investigating the Board of Directors of Lorillard Inc. ("Lorillard" or "the Company" (NYSE:LO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Reynolds American Inc.
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