- Wells Fargo analyst Bonnie Herzog is fairly confident (90%) that a deal in which Reynolds American (RAI) pays up to $80 per share for Lorillard (LO) is still likely (CNBC interview video).
- Herzog thinks a combination of the two companies will "catapult" the e-cigarette business.
- LO +2.0% premarket to $63.01 giving investors plenty of upside still if the Wells call is correct.
From other sites
Video at CNBC.com (Feb 10, 2015)
at CNBC.com (Nov 25, 2014)
at CNBC.com (Nov 18, 2014)
at CNBC.com (Nov 4, 2014)
Video at CNBC.com (Oct 23, 2014)
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