02.10.2015 - Reynolds American is selling assets outside the US
Reynolds American will sell assets outside the United States in the amount of about $ 5 billion. Thus, Japan Tobacco will pay 600 billion Japanese Yen (approximately $ 5 billion) for the Natural American Spirit. Sales of cigarettes under this brand have made over the last year 658 million dollars against 289 million in 2009. This fact is positive for the stock Reynolds American, but we do not recommend the company's stock price decline of 15-20% per annum in the medium term.