Vector Group Ltd. (VGR) - NYSE
  • May 22, 2014, 10:36 AM
    • Shares of Lorillard (LO -5.5%) retreat after reality sets in that a deal for the company to be purchased by Reynolds American (RAI -1.8%) is complicated and could take some time to work out. The third wheel in the merger mix is British American Tobacco (BTI -0.9%) which owns 42% of Reynolds and could make a play for the whole company after a standstill agreement expires in July.
    • Analysis is divided on if a deal will end up being completed at all. Stifel thinks regulators will jump in over the dominance in menthol a combination of the tobacco companies would create - while Wells Fargo's read is much more optimistic.
    • Vector Group (VGR -1.6%) has been taken for a ride along with Lorillard and Reynolds, popping yesterday and deflating today.
    | May 22, 2014, 10:36 AM | 5 Comments
  • Apr. 29, 2014, 12:55 PM
    • Bankers and lawyers are busy working on potential mergers in the tobacco industry, reports CNBC (video).
    • The biggest buzz is over the potential that Reynolds American (RAI +1.4%) will buy Lorillard (LO +3%) for as much as $80 per share.
    • Though Wells Fargo notes Reynolds would have to divest some significant menthol brands to get a Lorillard deal past regulators, the firm sees a deal as likely.
    • Other tobaccco players: MO, PM, BTI, ITYBY, ITYBF, PHJMF, JAPAF, SFIO, VGR, SWNG, SWMAF, SWMAY, XXII, BTAFF, UVV
    | Apr. 29, 2014, 12:55 PM | 14 Comments
Company Description
Vector Group Ltd. operates as a holding company. Manufactures and sells tobacco products .The company operates through three segments: Tobacco, E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations... More
Industry: Cigarettes
Country: United States