- The reduced pace of smoking lawsuits is helping to stoke up M&A activity in the tobacco sector, according to analysts.
- Reynolds American (NYSE:RAI) disclosed in a recent SEC filing that it faced 5K Engle-related suits in Q1 of 2014, well-off the high litigation pace of a few years ago.
- The clearer visibility on liability in the sector should help push forward deals which a few years ago would have stalled.
- Lorillard (NYSE:LO) is +0.7% to $66.48 in premarket trading.