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Thursday, June 12, 2014

Market Chatter- Corporate finance press digest, (NYSE: BAC), (NYSE: GS), (NYSE: LO), (NYSE: RAI)

The following corporate finance-related stories were reported by media: * Imperial Tobacco Group Plc is evaluating a deal for assets likely to be divested from Reynolds American Inc and Lorillard Inc if the two U.S. tobacco companies proceed with a proposed combination, according to people familiar with the matter.* Private equity-owned chemical distributor Univar Inc is poised to select Deutsche Bank Group AG, Goldman Sachs Group Inc and Bank of America Corp to lead an initial public offering, according to people familiar with the matter.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 2.07% or $-0.33/share to $15.59. In the past year, the shares have traded as low as $12.13 and as high as $18.03. On average, 89093296 shares of BAC exchange hands on a given day and today's volume is recorded at 73729320.

The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 0.56% or $-0.93/share to $165.43. In the past year, the shares have traded as low as $148.71 and as high as $181.13. On average, 3023400 shares of GS exchange hands on a given day and today's volume is recorded at 2004076.

Lorillard, Inc. (Lorillard) is the manufacturer of cigarettes in the United States. Shares of LO fell by 1.0% or $-0.61/share to $60.38. In the past year, the shares have traded as low as $41.56 and as high as $63.56. On average, 3015660 shares of LO exchange hands on a given day and today's volume is recorded at 1643232.

Reynolds American Inc. (RAI) is a holding company. Shares of RAI traded higher by 0.59% or $0.35/share to $59.61. In the past year, the shares have traded as low as $46.05 and as high as $60.42. On average, 2450660 shares of RAI exchange hands on a given day and today's volume is recorded at 2905775.



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