Seeking Alpha
 

Lorillard, Inc. (LO)

- NYSE
  • Sep. 15, 2014, 1:59 PM
    • Electronic cigarettes companies have their eyes on Hollywood with product placement spots in movies seen as a way to boost recognition for e-cig brands.
    • Traditional tobacco sellers have been shut out by regulators from paid placement ads for over 20 years.
    • Vapor Corp. (VPCO -7.2%) might be a step ahead of its peers. The firm has Relativity Media CEO Ryan Kavanaugh on its board and already pays for a "viral" campaign with Relativity.
    • Related stocks: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, RAI, OTCQB:AHII.
    | Sep. 15, 2014, 1:59 PM | 2 Comments
  • Sep. 4, 2014, 2:49 AM
    • After a German court last month ordered a Lorillard (NYSE:LO) subsidiary to stop selling its blu e-cigarettes as a result of another claim from Zippo, Lorillard has decided to take the lighter manufacturer to a U.K. High Court.
    • Zippo declares that it has been using the Blu brand name for its butane torch lighters since 2007, although Lorillard says the threats are unfounded and is now seeking damages for Zippo's conduct.
    • Blu e-cigarettes are currently being sold to Imperial Tobacco (OTCQX:ITYBY) as part of Lorillard's $27.4B merger with Reynolds American (NYSE:RAI).
    | Sep. 4, 2014, 2:49 AM | Comment!
  • Sep. 2, 2014, 2:18 AM
    • Imperial Tobacco (OTCQX:ITYBY) has closed approximately $13B of loans to finance its acquisition of several brands and assets of Reynolds American (NYSE:RAI).
    • The financing covers the $7.1B acquisition of cigarette brands, Winston, Maverick, Kool, Salem and blu, which Reynolds wished to unload to clear the way for its merger with Lorillard (NYSE:LO).
    • As part of the purchase, Imperial will also take over Lorillard's national sales force, offices and production facilities.
    | Sep. 2, 2014, 2:18 AM | Comment!
  • Aug. 29, 2014, 8:10 AM
    • Reynolds American (NYSE:RAI) and Lorillard (NYSE:LO) disclose that they received an additional request from the FTC in connection with the pending merger between the two tobacco giants.
    • The companies still expect the merger and the related divestiture of brands to Imperial Tobacco (OTCQX:ITYBY) to close in the first half of 2015.
    | Aug. 29, 2014, 8:10 AM | Comment!
  • Aug. 26, 2014, 12:23 PM
    | Aug. 26, 2014, 12:23 PM | 6 Comments
  • Aug. 25, 2014, 12:15 PM
    | Aug. 25, 2014, 12:15 PM | 4 Comments
  • Aug. 15, 2014, 10:20 AM
    • Lorillard, Inc. (NYSE:LO) declares $0.615/share quarterly dividend, in line with previous.
    • Forward yield 4.06%
    • Payable Sept. 10; for shareholders of record Sept. 1; ex-div Aug. 28.
    | Aug. 15, 2014, 10:20 AM | Comment!
  • Aug. 8, 2014, 1:35 PM
    | Aug. 8, 2014, 1:35 PM | 14 Comments
  • Jul. 30, 2014, 7:16 AM
    • Lorillard (NYSE:LO) reports cigarette volume fell 3.4% Y/Y in Q2 - mark which is better than the estimated industry average.
    • The Blu brand had an e-cig market share of close to 40% despite new competition. The Newport brand bumped up its market share by 30 bps.
    • Lorillard's total retail market share for cigarettes was up 20 bps to 15.0%.
    • The merger with Reynolds American is expected to close in 1H of 2015.
    • LO +1.5% premarket
    | Jul. 30, 2014, 7:16 AM | 2 Comments
  • Jul. 30, 2014, 7:02 AM
    • Lorillard (NYSE:LO): Q2 EPS of $0.84 misses by $0.04.
    • Revenue of $1.8B (flat Y/Y) beats by $460M.
    • Press Release
    | Jul. 30, 2014, 7:02 AM | Comment!
  • Jul. 29, 2014, 5:30 PM
  • Jul. 15, 2014, 10:53 AM
    • Tobacco stocks slump as a group after Lorillard doesn't catch the premium in the Reynolds American buyout that some anticipated.
    • Even Imperial Tobacco which ended up with the hot Blu e-cigarette brand as part of the deal is having trouble shaking off the pessimism.
    • Decliners: Lorillard (NYSE:LO) -7.9%, Philip Morris (NYSE:PM) -1.3%, Altria (NYSE:MO) -2.1%, Vector Group (NYSE:VGR) -0.8%, Reynolds American (NYSE:RAI) -4.0%, Imperial Tobacco (OTCMKTS:ITYBY) -2.8%, British American Tobacco (NYSEMKT:BTI) -1.4%.
    | Jul. 15, 2014, 10:53 AM | 19 Comments
  • Jul. 15, 2014, 7:22 AM
    • Reynolds American (NYSE:RAI) says it will unload the Kool, Salem, Winston, Maverick, and blu eCigs brands along with some other assets to Imperial Tobacco (OTCMKTS:ITYBY) for $7.1B. The move is aimed at appeasing regulators.
    • The company says the acquisition of Lorillard (NYSE:LO) will be accretive within the first full year and will show a double-digit accretion rate in the second year and beyond.
    • A cooperation deal was struck between Reynolds and British American Tobacco (NYSEMKT:BTI) which includes sharing technology and development costs on next-gen tobacco products.
    • Premarket: Lorillard -3.7%, Reynolds American -0.2%, British American Tobacco (BTI) -0.5%.
    | Jul. 15, 2014, 7:22 AM | 22 Comments
  • Jul. 15, 2014, 7:14 AM
    • Reynolds American (NYSE:RAI) announces it will buy Lorillard (NYSE:LO) in a deal valued at $27.4B.
    • Lorillard shareholders will receive $50.50 in cash and 0.2909 a share of Reynold at closing, which reps a deal price of $68.88 at Reynold's current trading level.
    • British American Tobacco (NYSEMKT:BTI) will hold on to its 42% stake in Reynolds as part of the deal.
    | Jul. 15, 2014, 7:14 AM | 30 Comments
  • Jul. 14, 2014, 7:59 AM
    • 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.
    | Jul. 14, 2014, 7:59 AM | 1 Comment
  • Jul. 11, 2014, 7:18 AM
    • Shares of Lorillard (LO) are higher in early trading after Reynolds American (RAI) confirms an earlier report that it's in talks with the company over a buyout.
    • Reynolds says British American Tobacco will support the transaction by subscribing additional shares.
    • Imperial Tobacco (ITYBY) will snap up key brands to help make the deal more likely to sail past regulators.
    • LO +4.6% premarket
    | Jul. 11, 2014, 7:18 AM | 1 Comment
Visit Seeking Alpha's
LO vs. ETF Alternatives
Company Description
Lorillard Inc is engaged in the manufacture of cigarettes and tobacco in the United States. The Company's principal products are marketed under the brand names of Newport, Kent, True, Maverick and Old Gold with sales in the United States of America.
Industry: Cigarettes
Country: United States