F|i.e. vector spaces with a basis. (Recall that the dimension of a vector. space V (dimV) is the number of elements in a basis of V.) DEFINITION 1.1. (Linear transformation) Given vector spaces Uand V, T: U7!V is a linear transformation (LT) if.
Reynolds American, Inc. (RAI) is a tobacco holding company in the U.S. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company, Santa Fe Natural Tobacco Company and Niconovum. RAI is 42% owned by the U.K.'s British American Tobacco. In 2013, Reynolds American's operating companies sold about 26% of all cigarettes sold in the US. The company was founded in 2004, and is based in Winston-Salem, NC.
Let's calculate what Reynolds American should pay for Lorillard. Despite all the merger talk, we still prefer Altria due to its stake in SABMiller and hefty dividend yield. The rumors have been swirling, and the latest buzz is that Reynolds American (NYSE: RAI) is looking to acquire Lorillard (NYSE: LO). In this article, let's establish a basis for what Lorillard is worth on a standalone basis (excluding deal synergies).