Annual Meetings, Appointments, Acquisitions, and Closing of Public Offering - Analyst Notes on Philip Morris, Anheuser-Busch InBev, Lorillard, Diageo, and Vector Group
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NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Philip Morris International Inc. (NYSE: PM), Anheuser-Busch InBev (NYSE: BUD), Lorillard, Inc. (NYSE: LO), Diageo plc (NYSE: DEO), and Vector Group Ltd. (NYSE: VGR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Philip Morris International Inc. Analyst Notes
On March 27, 2014, Philip Morris International Inc. (Philip Morris) reported that it has scheduled its 2014 Annual Meeting of Shareholders on May 7, 2014, at 9:00 a.m., in Empire State Ballroom, Grand Hyatt New York, 109 East 42nd Street, New York, USA. According to the Company, agenda of the meeting includes electing 10 directors, ratifying the selection of PricewaterhouseCoopers SA as independent auditors for the Company for FY 2014, voting on advisory resolution approving executive compensation, voting on two shareholder proposals, as well as transacting other business matters coming before the meeting. Philip Morris informed that only stockholders of record on March 14, 2014 are entitled to vote at the meeting. The full analyst notes on Philip Morris International Inc. will be available to download free of charge at:
http://www.AnalystsReview.com/04032014/PM/report.pdf
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Anheuser-Busch InBev Analyst Notes
On April 1, 2014, Anheuser-Busch InBev (AB InBev), together with KKR and Affinity Equity Partners, announced the Company's acquisition of Oriental Brewery (OB). The Company informed that it had sold OB in 2009. According to the Company, the re-integration of OB to AB InBev is expected to drive premium growth by maximizing the combined portfolios of the beer brands and achieve improved efficiencies through best-practice sharing. Commenting on the re-integration, Carlos Brito, CEO, AB InBev, said, "We are excited to welcome the Oriental Brewery team back to the AB InBev family. We look forward to re-integrating OB into our global platform, as we endeavor to strengthen our position in the Asia Pacific region and continue growing our brands and providing additional consumer choice in South Korea." The Company further announced that OB's Cass brand will become Official Beer Sponsor of the 2014 FIFA World CupTM for South Korea. The full analyst notes on Anheuser-Busch InBev are available to download free of charge at:
http://www.AnalystsReview.com/04032014/BUD/report.pdf
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Lorillard, Inc. Analyst Notes
On March 31, 2014, Lorillard, Inc. (Lorillard) announced the election of Jerry W. Levin to the Board of Directors, effective immediately, taking the number of board members to nine out of which eight are non-executive independent directors. Commenting on the appointment, Murray S. Kessler, Chairman, President and CEO, Lorillard, said, "We are delighted that Jerry has joined our Board. He brings extensive leadership and strategic experience within the consumer products industry to our Board's already broad range of talents. We look forward to Jerry's contributions as we work to achieve our goal to consistently deliver double digit total shareholder returns over the long term." The full analyst notes on Lorillard, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/LO/report.pdf
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Diageo plc Analyst Notes
On March 28, 2014, Diageo plc's (Diageo) Chief Executive Ivan Menezes announced three changes to Executive Committee which will be effective July 1, 2014. The Company stated that Gilbert Ghostine has been appointed as President, Diageo India and Greater China, and Chief Corporate Development; Nick Blazquez as President, Diageo Africa, Eurasia and Pacific; and David Cutter as President Global Supply and Procurement. According to the Company, the first two changes are in line with the growth while the third change focuses on delivery of efficient growth. Commenting on the appointments, Menezes said, "I congratulate Gilbert, Nick and David Cutter on their new appointments and I look forward to working with them and the whole Diageo Executive, to deliver our ambition for Diageo to become one of the best performing, most trusted and respected consumer products companies in the world." The full analyst notes on Diageo plc are available to download free of charge at:
http://www.AnalystsReview.com/04032014/DEO/report.pdf
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Vector Group Ltd. Analyst Notes
On March 24, 2014, Vector Group Ltd. (Vector) announced the closing of its registered public offer of $258.75 million aggregate principal amount of its Variable Interest Convertible Senior Notes due 2020, including the underwriter's full exercise of its over-allotment option. According to the Company, each note bears a cash interest rate of 1.75% per annum, with an additional cash payment. Vector informed that it intends to use the net proceeds for general corporate purposes, including additional investments in real estate through its wholly-owned subsidiary, New Valley LLC, and in its existing tobacco business and might use a portion of proceeds to address upcoming debt maturities. The full analyst notes on Vector Group Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/VGR/report.pdf
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