Shares of Altria Group Inc (NYSE:MO) ended Thursday session in green amid volatile trading. The shares closed up +0.12 points or 0.19% at $63.25 with 5.80 million shares getting traded. Post opening the session at $62.92, the shares hit an intraday low of $62.59 and an intraday high of $63.38 and the price vacillated in this range throughout the day. The company has a market cap of $121.44 billion and the numbers of outstanding shares have been calculated to be 1.95 billion shares.
Altria Group Inc (MO) on September 13, 2016 announced that it is commencing a 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”). Concurrently, Altria is commencing an underwritten public offering of new senior unsecured notes (the “New Notes”). Altria expects these transactions to reduce its weighted average coupon rate and ongoing interest expense and extend the weighted average maturity of its debt. The tender offer will expire at 5:00 p.m., New York City time, on Monday, September 19, 2016, unless extended or earlier terminated by Altria (the “Expiration Time”).
Shares of Reynolds American, Inc. (NYSE:RAI) ended Thursday session in green amid volatile trading. The shares closed up +0.07 points or 0.15% at $47.27 with 5.45 million shares getting traded. Post opening the session at $47.11, the shares hit an intraday low of $46.76 and an intraday high of $47.34 and the price vacillated in this range throughout the day. The company has a market cap of $66.86 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.