British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
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Reynolds American (RAI) Affirms Receipt of British American Tobacco (BTI) Offer; Will Evaluate
October 21, 2016 6:38 AM EDTReynolds American Inc. (NYSE: RAI) acknowledges that it has received a non-binding proposal from British American Tobacco p.l.c. (BAT) to purchase the approximately 58 percent of RAI common stock that BAT does not currently own.
The RAI board of directors, consistent with... More
Reynolds American (RAI) Peers on Watch as BAT (BTI) Looks to Complete Acquisition (PM) (MO)
October 21, 2016 6:38 AM EDTAltria Group (NYSE: MO) and Philip Morris (NYSE: PM) are on watch Friday following news that British American Tobacco (NYSE: BTI) if looking to acquire the rest of Reynolds American (NYSE: RAI) for $56.50 per share.
... MoreBerenberg Upgrades Reynolds American (RAI) to Buy
October 21, 2016 6:32 AM EDTBerenberg upgraded Reynolds American (NYSE: RAI) from Hold to Buy with a price target of $54.00.
Analyst Jonathan Leinster commented, " Following the recent underperformance of the stock we move from a Hold to a Buy with an unchanged price target of $54/share. We estimate average... More
