Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 65.17

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To: md1derful who wrote (2273)	9/4/1998 6:51:00 PM
From: don kramer	Read Replies (3) of 6439

Black&Rooney 9/4, 5:32 pm EST SETTLEMENT NEWS/RESEARCH New U.S. states tobacco settlement seen--analysts NEW YORK, Sept 4 (Reuters) - Analysts at Sanford Bernstein & Co. said late Friday that sources close to the eight Attorneys General, Philip Morris Cos Inc. (NYSE:MO - news) and Loews Corp.'s (NYSE:LTR - news) Lorillard unit expect a $180 to $200 billion settlement by the end of next week. Gary Black and Jon Rooney said in a research report dated Sept. 4, that the settlement will include marketing restrictions similar to the Minnesota settlement, with additional bans on sponsorships and cartoons. They also said the industry is not expected to give up authority to the Federal Drug Administration, or be subject to lookback penalties. Philip Morris, makers of Camel and other leading brands, and Lorillard, the makers of Newport brand cigarettes, were unavailable for comment late Friday . The analysts expect all 46 states will opt for the Philip Morris/Lorillard agreement since it allow ...more...

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