UST a Sell Pre-Altria Buyout

Source from:  Zacks.com 12/19/2008

UST Inc. (NYSE: UST - News) is the leading producer of moist smokeless tobacco products and dominates the premium sector of the domestic market. However, over the last 15 years, UST has been steadily losing market share to discounters in the sub-premium categories. With the announced acquisition by Altria Group (NYSE: MO - News) of UST Inc. for $69.50 per share in cash, the potential price appreciation for UST stockholders is now limited. Hence, the rating is a Sell. The acquisition is expected to close by first week of January 2009. Enditem