Shares of Altria Group Inc (NYSE:MO) ended Tuesday session in green amid volatile trading. The shares closed up +0.25 points or 0.40% at $62.97 with 4.14 million shares getting traded. Post opening the session at $62.80, the shares hit an intraday low of $62.70 and an intraday high of $63.22 and the price vacillated in this range throughout the day. The company has a market cap of $122.88 billion and the numbers of outstanding shares have been calculated to be 1.95 billion shares.
Altria Group Inc (MO) on September 20, 2016 announced the expiration of its previously announced cash tender offer for any and all of its senior unsecured 9.95% Notes due 2038 (the “2038 Notes”) and any and all of its senior unsecured 10.20% Notes due 2039 (the “2039 Notes” and, together with the 2038 Notes, the “Notes”). The terms and conditions of the tender offer are described in the Offer to Purchase, dated September 13, 2016 and the related Letter of Transmittal and Notice of Guaranteed Delivery.
The tender offer for the Notes expired at 5:00 p.m., New York City time, on Monday, September 19, 2016 (the “Expiration Time”).
According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the tender offer, $441,081,000 aggregate principal amount of the 2038 Notes and $492,961,000 aggregate principal amount of the 2039 Notes were validly tendered at or prior to the Expiration Time and not validly withdrawn, which amounts include $1,187,000 aggregate principal amount of the outstanding 2038 Notes that remain subject to guaranteed delivery procedures and $1,165,000 aggregate principal amount of the outstanding 2039 Notes that remain subject to guaranteed delivery procedures.
Shares of Reynolds American, Inc. (NYSE:RAI) ended Tuesday session in green amid volatile trading. The shares closed up +0.28 points or 0.59% at $47.66 with 2.79 million shares getting traded. Post opening the session at $47.62, the shares hit an intraday low of $47.40 and an intraday high of $47.88 and the price vacillated in this range throughout the day. The company has a market cap of $68.13 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names. The company also manufactures and markets digital vapor cigarettes under the VUSE brand name; and markets nicotine replacement therapy products under the ZONNIC brand. It distributes its products primarily through direct wholesale deliveries from a local distribution center and public warehouses. Reynolds American Inc. was founded in 2004 and is headquartered in Winston-Salem, North Carolina.