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Reynolds American Inc (RAI)

RAI on New York Consolidated

66.76USD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Reynolds American says Susan Cameron elected non-executive chairman
Thursday, 4 May 2017 10:18am EDT 

May 4 (Reuters) - Reynolds American Inc :Susan Cameron elected non-executive chairman.Board elected Cameron as non-executive chairman, effective May 1, 2017; Cameron has served as executive chairman since Jan. 1, 2017.Declared a quarterly cash dividend on the company’s common stock of $0.51 per share.  Full Article

Reynolds American reports Q1 EPS of $0.55
Wednesday, 3 May 2017 07:03am EDT 

May 3 (Reuters) - Reynolds American Inc ::Reported EPS first quarter at $0.55.First quarter adjusted EPS $0.56.Qtrly net sales $2,949 million versus $2,917 million.Proposed RAI/BAT transaction obtained U.S. and Japan antitrust approvals; closing still expected to be in third quarter of 2017.Q1 earnings per share view $0.57, revenue view $3.03 billion -- Thomson Reuters I/B/E/S.Industry cigarette volume was down 3.1 percent in the first quarter.Total first-quarter domestic cigarette volumes for RAI's operating companies decreased 4.4 percent from the prior-year quarter.  Full Article

Proposed BAT acquisition of RAI gains Japan antitrust approval
Wednesday, 5 Apr 2017 07:09am EDT 

Reynolds American Inc :Proposed BAT acquisition of RAI gains Japan antitrust approval.  Full Article

BAT says U.S. antitrust condition satisfied for Reynolds buy
Thursday, 9 Mar 2017 07:00am EST 

British American Tobacco : Proposed Acquisition Of Reynolds – U.S. Antitrust Condition Satisfied . continue to expect transaction to close during q3 of 2017 .filing process to obtain antitrust clearance from Japanese authorities is underway.  Full Article

BAT full-year revenue rises
Thursday, 23 Feb 2017 02:00am EST 

British American Tobacco Plc : Preliminary announcement for the year ended 31 December 2016 . FY revenue 14,751 mln stg vs 14,008 mln stg year earlier . FY adjusted profit from operations. 5,480 mln stg versus 5,197 mln stg year earlier . FY group's cigarette market share1 in its key markets2 continued to grow very strongly, up 50 basis points (bps) . FY group cigarette volume grew 0.2 pct to 665 billion . FY total tobacco volume was 0.1 pct higher than 2015 . FY group revenue was up 12.6 pct at current rates . FY adjusted diluted earnings per share, at current rates, was up 18.8 pct at 247.5 pence . Board has recommended a final dividend of 118.1p, to be paid on 4 May 2017 . In 2016, group experienced significant hedge ineffectiveness on its external swaps, driven by market volatility following referendum regarding "Brexit" .Are investigating, through external legal advisors, allegations of misconduct and are liaising with serious fraud office and other relevant authorities.  Full Article

BAT preparing to raise offer for Reynolds American in next few days - sources
Monday, 5 Dec 2016 08:53am EST 

: BAT is preparing to raise its offer for Reynolds American in the next few days - sources ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Reynolds American says Q2 EPS of $0.56
Tuesday, 26 Jul 2016 07:05am EDT 

Reynolds American Inc : Advisory: RAI reports strong 2Q16 performance; accelerates returns to shareholders . Qtrly reported EPS of $0.56 . Qtrly net sales $3,195 million versus $2,403 million . Q2 earnings per share view $0.61, revenue view $3.26 billion -- Thomson Reuters I/B/E/S . Increases dividend payout target from 75 percent to 80 percent . Industry cigarette volume fell 3.9 percent in Q2, which was negatively impacted by changes to wholesale inventory levels . "Board approved a 9.5 percent increase in its quarterly cash dividend to $0.46 per share" . Qtrly adjusted EPS of $0.58 . Narrows 2016 guidance to adjusted EPS range of $2.26 to $2.34 . Says announces $2.0 billion share repurchase program . FY 2016 earnings per share view $2.35 -- Thomson Reuters I/B/E/S ."RAI's operating companies continued to advance their transforming-tobacco objectives in the second quarter".  Full Article

Reynolds American files for potential debt shelf for undisclosed sum
Thursday, 12 May 2016 04:56pm EDT 

Reynolds American Inc :Files for potential debt shelf; size not disclosed - sec filing.  Full Article

Reynolds American Inc - Big tobacco settles decade-long dispute with New York - Reuters
Tuesday, 20 Oct 2015 02:09pm EDT 

Reynolds American Inc:Big U.S. tobacco companies including Reynolds American Inc and Altria Group Inc agreed to pay New York $550 million, or 90 percent, of the amount kept in an escrow account, ending a decade-long dispute - RTRS.The dispute stems from disagreements over the enforcement of certain terms of a Master Settlement Agreement (MSA) - RTRS.Under the MSA, signed in 1998, tobacco companies had to make annual payments to U.S. states as compensation for medical costs related to smoking-related illnesses - RTRS.Reynolds American, Altria and other companies signed the MSA. But, under the terms, it was also agreed that companies that were not part of the MSA had to contribute to a reserve fund to be used by states to cover smoking-related costs - RTRS.However, in 2003, signatories to the MSA argued that some states, including New York, had failed to "diligently enforce" the collection of funds from non-participating companies - RTRS.Since then, the participating companies have withheld their own annual payments and put them in an escrow account, which totaled about $700 million for New York - RTRS.New York Attorney General Eric Schneiderman said on Tuesday that the state agreed to settle for the release of 90 percent of the withheld payments and assurances of continued annual payments under the MSA from now on.- RTRS.About half of the $550 million will go to New York state, a quarter to New York City and the rest to counties outside the city - RTRS.  Full Article

Reynolds American Inc announces sale of natural American spirit international businesses
Tuesday, 29 Sep 2015 06:00am EDT 

Reynolds American Inc:Reynolds American announces sale of natural American spirit international businesses to JT group.  Full Article

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BRIEF-Proposed BAT acquisition of RAI gains Japan antitrust approval

* Proposed BAT acquisition of RAI gains Japan antitrust approval Source text for Eikon: Further company coverage: