British American Tobacco p.l.c. (American Depository Receipts)NYSEMKT
British American Tobacco In Midst Of M&A
Timberwolf Equity Research
Timberwolf Equity Research
Yesterday, 12:57 AM
- Surging e-cigarette use by young adults is "a major public health concern," according to the U.S. surgeon general, who will recommend increased regulation of the products in a report set to be released today.
- Those will include higher taxes, raising the minimum age to 21, incorporating e-cigarettes into smoke-free laws and restricting certain marketing efforts.
- Related tickers: MO, BTI, LO, PM, OTCQB:ECIG, OTCPK:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, RAI, OTC:AHII
Thu, Nov. 24, 3:05 AM
- Its official, China expects to issue a nationwide regulation banning smoking in public places before the end of the year.
- The legislation, which will prohibit smoking in all indoor venues, workplaces and public transport, was introduced by the National Health and Family Planning Commission.
- China has more than 300M smokers and is the world's largest producer and consumer of tobacco products, according to the World Health Organization.
- Tobacco stocks: LO, PM, MO, VGR, RAI, BTI, OTCPK:BTAFF, OTC:BATMF, OTCPK:JAPAF, OTCPK:JAPAY
Tue, Nov. 15, 8:28 AM
- Reynolds American (NYSE:RAI) and British American Tobacco (NYSEMKT:BTI) are reportedly in talks over a reworked deal.
- Citi calls the development just a "formality" as Reynolds looks to squeeze out a better bid price amid a rising market. "If anything it suggests an agreement might come soon — The rejection comes a little over three weeks after the initial offer (October 21), which is on the faster side of our expectations," notes Citi analyst Adam Spielman.
- Shares of RAI are up 0.47% premarket to $53.30 vs. a 52-week range of $43.38 to $56.65. BTI +0.79% to $106.93.
- Previously: Reynolds American reportedly wants higher offer from BAT (Nov. 14)
Mon, Nov. 14, 3:39 PM| Mon, Nov. 14, 3:39 PM | 38 Comments
Wed, Nov. 9, 2:22 AM
- California voters have agreed to significantly raise the tax on cigarettes and vaping devices, but similar measures fell short in Colorado, North Dakota and Missouri.
- California's Proposition 56 will increase taxes on a pack of cigarette from 87 cents to $2.87, bringing it more in line with other states. The measure also sets a tax on e-cigarettes.
- Related tickers: MO, BTI, LO, PM, VGR, RAI, OTCQB:ECIG, OTCPK:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII, OTCPK:JAPAY
Tue, Nov. 1, 2:49 AM
- The board of directors of Reynolds American (NYSE:RAI) has formed a committee of independent directors, not designated by British American Tobacco (NYSEMKT:BTI), to evaluate the latter's $47B takeover offer.
- Goldman Sachs, JPMorgan and Lazard have been retained as financial advisors to the transaction.
- In light of the evaluation, Reynolds has canceled its investor day scheduled for Nov. 14, 2016.
Fri, Oct. 21, 7:23 AM
- Reynolds American (NYSE:RAI) confirms it received a non-binding proposal from British American Tobacco (NYSEMKT:BTI) to buy out the ~58% of its common stock not held by the British tobacco giant.
- The company says its board of directors will evaluate the offer from British Tobacco and respond accordingly.
- RAI +19.99% premarket to $56.52 (52-week high).
- Previously: BAT bids $47B to take Reynolds American ownership to 100% (Oct. 21)
- Source: Press Release
Fri, Oct. 21, 2:57 AM
- British American Tobacco (NYSEMKT:BTI) has offered to acquire the 58% in Reynolds American (NYSE:RAI) it doesn't own for $47B in cash and shares.
- BAT's proposal is worth $56.50 a share, or 20% above Reynold's closing price of $47.17 yesterday. BAT will pay $20B in cash and the rest in stock.
- The deal would bring together Newport, Kent and Pall Mall cigarettes under one umbrella to create the U.S. market leader. (PR)
Fri, Sep. 16, 3:23 AM
- A month after assuming regulatory oversight over e-cigarettes, the FDA has cracked down on online sales by the industry, issuing 24 letters to websites for illegal sales to minors.
- The agency hasn't moved to ban online purchases, as many in the industry expected, but the letters show it's closely monitoring those outlets.
- Websites and stores will have 15 days to reply and explain how they plan to prevent future underage sales.
- Related tickers: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, RAI, OTC:AHII
Fri, Sep. 9, 8:09 AM
- Big Tobacco is pouring money into California in an effort to defeat a proposal to increase the state tax on cigarettes to $2.87 per pack.
- Opponents of the tax increase have raised over $35M to double the $17M generated by supporters of the tax.
- Analysts believe the vote in California is crucial with other states likely to watch the outcome very closely and some global implications in play as well.
- Proposition 56 language: "Increases cigarette tax by $2.00 per pack, with equivalent increase on other tobacco products and electronic cigarettes containing nicotine."
- Related tobacco industry stocks: PM, MO, VGR, RAI, OTCQX:ITYBF, BTI, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, OTC:AHII.
Tue, Sep. 6, 12:03 PM
- Efforts in Europe to convince money managers to skip tobacco stocks have fallen flat, according to Reuters. Only French insurance giant Axa sold off its position in tobacco companies on moral grounds.
- "We are firmly of the view that profits, cash and dividends from tobacco stocks have many years of strong growth ahead," says Woodford Investment Management's Stephen Lamacraft. The fund manager's view seems to be the majority opinion based off of recent investment returns in the sector.
- Related stocks: Phillip Morris International (NYSE:PM), Altria (NYSE:MO), Reynolds American (NYSE:RAI), British American Tobacco (NYSEMKT:BTI), Japan Tobacco (OTCPK:JAPAF, OTCPK:JAPAY), Imperial Brands (OTCQX:IMBBY, OTCQX:ITYBF).
Tue, Jun. 28, 12:36 PM
- British American Tobacco (BTI +2.6%) upgraded to Conviction Buy from Sell at Goldman Sachs, citing increased confidence in the company's growth outlook amid pound weakness and higher growth from e-cigarettes.
- Despite expectations of weaker GDP growth in the U.K. and EU, there is low correlation between GDP and most categories of European staples groups, Goldman says.
- European staples have seen significant deceleration in organic sales growth and reported EPS growth in recent years, but the firm says the sector’s “solid cash conversion and reliable dividend characteristics are attractive given current macroeconomic uncertainty."
Fri, Jun. 24, 12:30 PM
Mon, Jun. 20, 9:16 AM
Thu, Jun. 9, 10:03 AM
- A new law in California requiring purchasers of tobacco products to be 21 years of age went into effect today. California is the second state after Hawaii to set the higher age limit.
- Some forecasts suggest the number of smokers will drop in the state by over 10%, even factoring in for illegal purchasing.
- The new tobacco rules in California also reclassify e-cigarette and vapor products as "traditional" tobacco products.
- Related stocks: PM, MO, VGR, RAI, OTCQX:ITYBF, OTCPK:JAPAY, BTI, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, VPCO, OTC:AHII.
Wed, Jun. 1, 4:04 AM
- Following the lead of Britain and Australia, Canada is making plain packaging of cigarettes compulsory in a bid to cut the rate of smoking.
- Although the country already obliges firms to slap large graphic warning labels on cigarette boxes, the new measures would require a uniform, standardized color and font on packs and restrict the use of logos and trademarks.
- Related stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBF, BTI