This article has nothing to do with investment analysis, but outlines some thoughts based on my personal experience when assessing various challenges Reynolds American faces.
Maybe non-US corporations with a less US centric shareholder base also get a rougher ride from US authorities? We saw the menthol announcement shortly after the Reynolds takeover. So potentially foreign takeovers could reduce value that way too. Bayer/Monsanto comes to mind too.
Maybe non-US corporations with a less US centric shareholder base also get a rougher ride from US authorities? We saw the menthol announcement shortly after the Reynolds takeover. So potentially foreign takeovers could reduce value that way too. Bayer/Monsanto comes to mind too.