$BTI update

BTI has benefited from recent talks of axquisitions amount tobacco companies. Recently there have been talks of a Loullard/Reynolds Meyer merger. Additional, BTI could take over or have a joint venture with Reynolds American (RAI). BTI already has 42% stock in RAI and the takeover would expand its footprint in the US, making it Altria’s largest competitor. I recommend a hold for BTI.

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