Monday, 3 March 2014

FT Alphaville lights up Reynolds Lorrilard $50bn merger story

Hat tip to the boys over at FT Alphaville for breaking the Reynolds American bid for Lorrilard story on Markets Live this morning.

I myself had been working on this story but FT Alphaville has (somewhat irritatingly) beaten me to the punch - and credit where credit is due.

I understand the thrust of their story is correct. Reynolds, in which FTSE 100-listed British American Tobacco has a 42pc stake, has been working with bankers from Lazard on its potential bid for Lorrilard.

Lorrilard, meanwhile, has retained boutique firm Centreview Partners as part of its advisory team, according to my sources.

I believe the two companies began talking last week, with Reynolds informally offering around $60 a share for Lorrilard, the maker of Newport cigarettes.

However, Lorrilard is understood to have rebuffed Reynolds's initial advances and is holding out for at least $62 a share.

A combination of Reynolds and Lorrilard should give the newly combined entity a valuation of around $50bn.

A spokesperson for Reynolds declined to comment while Lorrilard has not returned calls for comment.

UPDATE: has just published a story essentially confirming FT Alphaville's scoop and Betaville's follow up piece. Here is the link:


  1. Before RJ Reynolds drops a chunk of change on Lorrilard they might want to explore why the City of Greensboro chose not to use a full time creek that originates from underground springs on Lorrilard property just 5 blocks away to irrigate a city owned urban farm project.

    I know I would be concerned. For your info: I live within sight of said creek.


    Is Your Computer Sluggish or Plagued With a Virus? – If So you Need Online Tech Repairs
    As a leader in online computer repair, Online Tech Repairs Inc has the experience to deliver professional system optimization and virus removal.Headquartered in Great Neck, New York our certified technicians have been providing online computer repair and virus removal for customers around the world since 2004.
    Our three step system is easy to use; and provides you a safe, unobtrusive, and cost effective alternative to your computer service needs. By using state-of-the-art technology our computer experts can diagnose, and repair your computer system through the internet, no matter where you are.
    Our technician will guide you through the installation of Online Tech Repair Inc secure software. This software allows your dedicated computer expert to see and operate your computer just as if he was in the room with you. That means you don't have to unplug everything and bring it to our shop, or have a stranger tramping through your home.
    From our remote location the Online Tech expert can handle any computer issue you want addressed, like:
    • - System Optimization
    • - How it works Software Installations or Upgrades
    • - How it works Virus Removal
    • - How it works Home Network Set-ups
    Just to name a few.
    If you are unsure of what the problem may be, that is okay. We can run a complete diagnostic on your system and fix the problems we encounter. When we are done our software is removed; leaving you with a safe, secure and properly functioning system. The whole process usually takes less than an hour. You probably couldn't even get your computer to your local repair shop that fast!
    Call us now for a FREE COMPUTER DIAGONISTIC using DISCOUNT CODE ( on +1-914-613-3786 or chat with us on

  3. Problem: HP Printer not connecting to my laptop.
    I had an issue while connecting my 2 year old HP printer to my brother's laptop that I had borrowed for starting my own business. I used a quick google search to fix the problem but that did not help me.
    I then decided to get professional help to solve my problem. After having received many quotations from various companies, i decided to go ahead with Online Tech Repair (
    Reasons I chose them over the others:
    1) They were extremely friendly and patient with me during my initial discussions and responded promptly to my request.
    2) Their prices were extremely reasonable.
    3) They were ready and willing to walk me through the entire process step by step and were on call with me till i got it fixed.
    How did they do it
    1) They first asked me to state my problem clearly and asked me a few questions. This was done to detect any physical connectivity issues with the printer.
    2) After having answered this, they confirmed that the printer and the laptop were functioning correctly.
    3) They then, asked me if they could access my laptop remotely to troubleshoot the problem and fix it. I agreed.
    4) One of the tech support executives accessed my laptop and started troubleshooting.
    5) I sat back and watched as the tech support executive was navigating my laptop to spot the issue. The issue was fixed.
    6) I was told that it was due to an older version of the driver that had been installed.
    My Experience
    I loved the entire friendly conversation that took place with them. They understood my needs clearly and acted upon the solution immediately. Being a technical noob, i sometimes find it difficult to communicate with tech support teams. It was a very
    different experience with the guys at Online Tech Repairs. You can check out their website or call them on 1-914-613-3786.
    Would definitely recommend this service to anyone who needs help fixing their computers.
    Thanks a ton guys. Great Job....!!