07-19-2014, 11:12 PM
Ok, I've done a little more research on the deal. LO shareholders will receive $55.50 in cash and 0.2909 shares of RAI for each share of LO. Since I'm not interested in owning RAI, I think I'll sell soon and move on. The low cash part of the deal may hinder much more recovery in price if many people have the same opinion of RAI that I do.
I bought LO because they had a niche with the menthol market and blu e-cigs. It differentiated them from MO and RAI.
I bought LO because they had a niche with the menthol market and blu e-cigs. It differentiated them from MO and RAI.
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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street