A deal that the tobacco companies will sign into if there is going to be one, will involve structuring a new tax and a regulatory regime that is not really exportable. |
He didn't have any particular expertise in the industry with all of the legislation and the legal issues surrounding the industry. This was an opportunity to get out at a nice profit. |
He got half of what he asked for. It sets no legal precedent. |
I think litigation is not getting any worse in the United Kingdom. In the United Kingdom and in Europe, (liability potential) is infinitesimal compared to the United States. |
I think what will happen is that there will be another period of negotiations over the next few weeks. |
If a settlement can be achieved? valuations would be expected to improve quite substantially, ... I could see Philip Morris perhaps getting to around $70, but that's a big 'if.' |
In addition, we expect that he will scrutinize closely the most efficient corporate structure to maximize shareholder value. |
In our opinion, Clinton raised the subject of a federal suit against the tobacco industry because of the relatively safe political outcome from such proposals. He did not make these comments because the prospects for a federal case against tobacco have improved. |
It gives this tobacco company an icon that no other tobacco company has. Their production facilities are able to use economies of scale, so it is a huge advantage for them. |
It will be perceived positively. It will improve their margins. |
It would be imprudent for RJR to pay down any of its existing debt, |
It would be imprudent for RJR to pay down any of its existing debt. |
It's the consumer who's going to pay for this deal, |
Kraft Foods has had a poor year. |
Marlboro is the equivalent of Coca-Cola, |