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R.J. Reynolds Tobacco Holdings Plans Deal to Buy Santa Fe, N.M.-Based Company.
Byline: Brian Louis
Nov. 23--Now the world knows what R.J. Reynolds Tobacco Holdings Inc. wants to do with at least some of its pile of cash.
The nation's No. 2 cigarette maker wants to buy Santa Fe Natural Tobacco Co. Inc. for $320 million. Tobacco industry analysts overall lauded the RJR move because they expect it to add to the company's earnings, but they also said that RJR is paying a fairly rich price for Santa Fe, the maker of American Sprit cigarettes.
"They didn't get it at a cheap price," said David Adelman, an analyst at Morgan Stanley. Adelman called Santa Fe a "perfectly good company," which has the potential to add to RJR's core …
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- Rothmans tops RJR bid for Santa Fe.
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Newspaper article from: The Daily Deal
December 2, 2001
700+ words
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- Rothmans bests rival RJR in bidding war.
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Newspaper article from: The Daily Deal
November 30, 2001
700+ words
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- Rothmans exits Santa Fe battle.
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Newspaper article from: The Daily Deal
December 4, 2001
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- Expert sees likely trend in shift; RJR says it plans to stay in U.S.
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News wire article from: Winston-Salem Journal
June 27, 2007
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- R.J. Reynolds Tobacco Announces Executive Positions.
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News wire article from: Winston-Salem Journal
January 17, 2002
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