Tobacco

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Altria Group Inc narrows FY 2014 EPS outlook to a range in line with analysts' estimates; announces share repurchase

Tuesday, 22 Jul 2014 07:00am EDT

Altria Group Inc:Now expects FY 2014 reported diluted EPS from a range of $2.53 to $2.60 to a range of $2.54 to $2.59.FY 2014 EPS of $2.57 - Thomson Reuters I/B/E/S.Says a new $1 billion share repurchase program.

Ngan Son gives Q3 2014 outlook and changes director

Thursday, 17 Jul 2014 09:36pm EDT

Ngan Son Joint Stock Co:Sees revenue of 230 bln dong and profit of 3 bln dong for Q3 2014.Nguyen Anh Tuan, chief accounting officer and member of the board of management, to become new director in place of Nguyen Van Thinh, director and member of the board of management, effective Sep. 1.

Philip Morris International reaffirms FY 2014 EPS guidance

Thursday, 17 Jul 2014 06:59am EDT

Philip Morris International Inc:Reaffirms FY 2014 diluted earnings per share to be in a range of $4.87 to $4.97 versus $5.26 in 2013.On an adjusted basis, diluted EPS are projected to increase in the range of 6pct to 8pct versus adjusted diluted EPS of $5.40 in 2013.

Imperial Tobacco Group PLC's subsidiary enters in to agreement to acquire assets from Reynolds

Tuesday, 15 Jul 2014 07:13am EDT

Imperial Tobacco Group PLC:Subsidiary of Imperial Tobacco Group PLC (Imperial or the Company) enters into purchase agreement with Reynolds American Inc. (Reynolds).For acquisition of assets, including portfolio of US cigarette brands, Winston, Maverick, Kool, Salem and US and international e-cigarette brand blu, plus the national sales force, offices and production facilities currently owned by Lorillard Inc. (Lorillard, and together, Transaction).Assets are to be acquired for consideration of $7.1 bln (4.2 bln pounds) following proposed acquisition of Lorillard by Reynolds.After adjusting for present value of the expected tax benefits of $1.5 bln.Says net acquisition cost of $5.6 bln (3.3 bln pounds) implies a multiple of 6.9 times EBITDA.

Reynolds American Inc to acquire Lorillard in transaction valued at $27.4 bln and reaches agreement with Imperial

Tuesday, 15 Jul 2014 07:00am EDT

Reynolds American Inc and Lorillard, Inc:RAI has agreed to acquire Lorillard in a cash-and-stock transaction currently valued at $68.88 per Lorillard share, or a total of $27.4 bln, including the assumption of net debt.Lorillard shareholders will receive, for each Lorillard share, $50.50 in cash and 0.2909 of a share in RAI stock at closing.RAI also reached an agreement with Imperial, under which Imperial has agreed to purchase the KOOL, Salem, Winston, Maverick and blu eCigs brands and other assets and liabilities for a total consideration of $7.1 bln in cash.RAI expects to receive net cash proceeds of about $4.4 bln after taxes.As part of the divestiture, Imperial will acquire certain assets owned by Lorillard including its manufacturing and R&D facilities in Greensboro, N.C., and about 2,900 employees, including a national sales force.Lazard is lead financial advisor to RAI and J.P. Morgan Securities LLC is financial advisor.RAI's legal advisor is Jones Day.Lorillard's financial advisors are Centerview Partners and Barclays and its legal advisor is Simpson Thacher & Bartlett.

Reynolds American Inc to acquire Lorillard in transaction valued at $27.4 bln and reaches agreement with Imperial

Tuesday, 15 Jul 2014 07:00am EDT

Reynolds American Inc and Lorillard, Inc:RAI has agreed to acquire Lorillard in a cash-and-stock transaction currently valued at $68.88 per Lorillard share, or a total of $27.4 bln, including the assumption of net debt.Lorillard shareholders will receive, for each Lorillard share, $50.50 in cash and 0.2909 of a share in RAI stock at closing.RAI also reached an agreement with Imperial, under which Imperial has agreed to purchase the KOOL, Salem, Winston, Maverick and blu eCigs brands and other assets and liabilities for a total consideration of $7.1 bln in cash.RAI expects to receive net cash proceeds of about $4.4 bln after taxes.As part of the divestiture, Imperial will acquire certain assets owned by Lorillard including its manufacturing and R&D facilities in Greensboro, N.C., and about 2,900 employees, including a national sales force.Lazard is lead financial advisor to RAI and J.P. Morgan Securities LLC is financial advisor.RAI's legal advisor is Jones Day.Lorillard's financial advisors are Centerview Partners and Barclays and its legal advisor is Simpson Thacher & Bartlett.

R&I affirms Japan Tobacco Inc's rating at "AA" and announces stable outlook

Friday, 11 Jul 2014 02:00am EDT

Japan Tobacco Inc:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA".Rating outlook stable.

Imperial Tobacco Group PLC announces offer Price for Logista

Thursday, 10 Jul 2014 01:25pm EDT

Imperial Tobacco Group PLC:Prices IPO of Compañía de Distribución Integral Logista Holdings, S.A.U. (Logista).on June 26, 2014 Imperial Tobacco price range for planned IPO of Logista Logista.Logista says offer price has been set at 13.00 euro per share, implying market capitalisation for Logista of about 1,725.8 mln euros.Deal offer size is 36,204,545 shares, representing 27.3 pct of Logista's issued share capital on admission, and gross proceeds from IPO will be about 470.7 mln euros at Offer Price, excluding over-allotment option.Maximum deal offer size is 39,824,999 shares.Offer comprises sale of existing shares only, which are sold by Logista's shareholder Altadis S.A.U. (Selling Shareholder), indirectly wholly-owned subsidiary of Imperial Tobacco.Following the IPO, Imperial Tobacco will hold about 72.7 pct of Logista's shares, assuming no exercise of the over-allotment option, and about 70.0 pct assuming over-allotment option is exercised in full.Logista and Selling Shareholder are subject to 180 day lock-up period.

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