A PYMNTS Company

US: FTC weighing settlement to clear Reynolds/Lorillard deal

By  |  April 2, 2015

The Federal Trade Commission is considering allowing a potential merger between Reynolds American and Lorillard, the Wall Street Journal reported, citing sources.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The two tobacco companies met with FTC commissioners this week, the report said.

    Someone within the agency have objected to the proposed deal, but others want to approve the merger “with a binding legal settlement that includes divestures.”

    Reynolds had offered to sell several brands, including Kool and Salem, to Imperial Tobacco Group for $7.1 billion.

    The firms announced their intention to merge in July.

     

    Full Content: The Wall Street Journal

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.