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BUZZ-Imperial Brands: rallies after Japan Tobacco names new CEO

Reuters - UK Focus

** Imperial Brands (LSE: IMB.L - news) +3.3% and near top of Stoxx 600 in decent volume

** Japan Tobacco (Other OTC: JAPAF - news) names new CEO

** Jefferies responds to news in note entitled: 'JT Names New CEO; Does this Make an Imperial Bid More Likely?'

** "We would argue a bid for Imperial becomes more feasible under the new leadership with the new CEO saying JT is actively seeking M&A opportunities "regardless of size" in a statement," Jefferies says

** IMB volume 70% of 30-day daily avg volume after >2 hours of trade

(RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net; RM:martinne.geller.thomsonreuters.com@reuters.net)