Lo was up over 9% yesterday on talks of a buyout from RAI. I sold 1/4 of my position for a nice gain. Wells Fargo is saying a fair price would be much higher than $60. Any thoughts on whether this will probably come to pass? I'm not sure if this would get approved by the government.
I don't believe that they will get approval from the government for this merger. Though my view is a little biased in that I don't want LO to be bought out by RAI. Mainly because I love the stock and want to keep getting all their dividends.
I'm not sure what the government will do about it. It's not like it's a loved industry other than the taxes they feed their spending habit with.
Like Chad, I was getting used to the big fat yield and the incremental earnings increases.
I'll hold for now and see what the scuttlebutt is. Of course, if it pops to over $80, I'm going to have to look at it again.
How do they get the deer to cross at that yellow road sign?