Comments on: U.S. Philip Morris Wants To Buy Canada’s Rothmans http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/ Investing and Personal Finance Sat, 11 Feb 2012 17:11:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rothmans: Going, Going, Gone http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-8060 Rothmans: Going, Going, Gone Thu, 18 Sep 2008 09:39:51 +0000 http://www.moneysmartsblog.com/?p=747#comment-8060 [...] wrote at the beginning of August about Philip Morris’ (aka Altria) interest in purchasing Rothmans. It was a friendly takeover offer. The Rothmans board of directors recommended accepting the offer [...] [...] wrote at the beginning of August about Philip Morris’ (aka Altria) interest in purchasing Rothmans. It was a friendly takeover offer. The Rothmans board of directors recommended accepting the offer [...]

]]> By: Mr. Cheap http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-8044 Mr. Cheap Wed, 17 Sep 2008 15:35:21 +0000 http://www.moneysmartsblog.com/?p=747#comment-8044 Apparently <a href="http://www.reuters.com/article/mergersNews/idUSN1752579320080917" rel="nofollow">the offer was accepted by 68% of the shareholders</a> and the buyout will be occurring on Friday. Apparently the offer was accepted by 68% of the shareholders and the buyout will be occurring on Friday.

]]> By: telly http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7568 telly Mon, 25 Aug 2008 13:21:50 +0000 http://www.moneysmartsblog.com/?p=747#comment-7568 Thanks Cheap! That's a good point. If the deal doesn't go through, I'll definitely pick up ROC again (although I would think it'd likely trade higher for a bit). Thanks Cheap!
That’s a good point. If the deal doesn’t go through, I’ll definitely pick up ROC again (although I would think it’d likely trade higher for a bit).

]]> By: Mr. Cheap http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7530 Mr. Cheap Fri, 22 Aug 2008 20:31:32 +0000 http://www.moneysmartsblog.com/?p=747#comment-7530 telly: I can understand the temptation. JF only owns a small portion of the company (and Altria already owns a big chunk of it), so there might not be THAT much leverage to improve the deal. And as you and the Globe article say, the big loss due to the settlement charges will pull down the stock price if the deal doesn't go through. Selling definitely doesn't seem like the worst idea in the world (you might even be able to pick them back up cheap if the deal falls through and the stock sinks back to $25 / share). telly: I can understand the temptation. JF only owns a small portion of the company (and Altria already owns a big chunk of it), so there might not be THAT much leverage to improve the deal. And as you and the Globe article say, the big loss due to the settlement charges will pull down the stock price if the deal doesn’t go through.

Selling definitely doesn’t seem like the worst idea in the world (you might even be able to pick them back up cheap if the deal falls through and the stock sinks back to $25 / share).

]]> By: telly http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7516 telly Fri, 22 Aug 2008 11:50:51 +0000 http://www.moneysmartsblog.com/?p=747#comment-7516 MC: I ended up selling my shares last week just after the earnings report (a huge loss due in large part to the settlement charges) was reported. It didn't end up affecting the share price but it motivated me to cash in and take my winnings home. :) Maybe I was too early. MC: I ended up selling my shares last week just after the earnings report (a huge loss due in large part to the settlement charges) was reported. It didn’t end up affecting the share price but it motivated me to cash in and take my winnings home. :)

Maybe I was too early.

]]> By: Mr. Cheap http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7505 Mr. Cheap Thu, 21 Aug 2008 22:47:49 +0000 http://www.moneysmartsblog.com/?p=747#comment-7505 There is a recent Globe article with <a href="http://www.theglobeandmail.com/servlet/story/RTGAM.20080821.WBstreetwise20080821165151/WBStory/WBstreetwise" rel="nofollow">more info about the takeover</a>, and Rothmans just <a href="http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=7022049" rel="nofollow">paid off $150 million of debt</a>. There is a recent Globe article with more info about the takeover, and Rothmans just paid off $150 million of debt.

]]> By: telly http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7275 telly Tue, 05 Aug 2008 19:53:22 +0000 http://www.moneysmartsblog.com/?p=747#comment-7275 I actually hadn't given it a thought until I read this post! I knew the dividend was suspended but figured I'd just wait until the deal went through although this post (and the responses to it) are making me rethink my position. There are definitely other companies I'd be happy to pick up right now. It's just too bad I'm diversified and only own 50 shares! I actually hadn’t given it a thought until I read this post! I knew the dividend was suspended but figured I’d just wait until the deal went through although this post (and the responses to it) are making me rethink my position.

There are definitely other companies I’d be happy to pick up right now.

It’s just too bad I’m diversified and only own 50 shares!

]]> By: Mr. Cheap http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7274 Mr. Cheap Tue, 05 Aug 2008 17:05:56 +0000 http://www.moneysmartsblog.com/?p=747#comment-7274 telly: lol How are you thinking about handling the buyout? Any interest in selling soon? How do you feel about the suspended dividend? telly: lol How are you thinking about handling the buyout? Any interest in selling soon? How do you feel about the suspended dividend?

]]> By: telly http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7272 telly Tue, 05 Aug 2008 16:54:12 +0000 http://www.moneysmartsblog.com/?p=747#comment-7272 “I bought at an average price of $21.73 between May 15 – June 16th 2007. …(although this is the only stock in my portfolio that isn’t in the red, so don’t be too envious of me )”

Cheap, looks like you and I are in the same boat! :( I bought ROC back in Oct. at $22.50. Everything else in my non-reg. Questrade account is down since I opened it last summer (except for BNS which is only up ~5%).

I can’t even afford to buy a pack of smokes!

]]> By: Mr. Cheap http://www.moneysmartsblog.com/us-philip-morris-wants-to-buy-canadas-rothmans/comment-page-1/#comment-7271 Mr. Cheap Tue, 05 Aug 2008 16:52:59 +0000 http://www.moneysmartsblog.com/?p=747#comment-7271 ME: I'm pretty sure its JF as an institutional holder. ME: I’m pretty sure its JF as an institutional holder.

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