A PYMNTS Company

US: FTC expected to approve Reynolds $32 billion acquisition of Lorillard

By  |  April 27, 2015

The Federal Trade Commission is reportedly expected to approve a merger between Reynolds American and Lorillard with a 4-1 vote.

    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 approval, if it happens, would be “despite the objections of some agency staff,” the New York Post reports.

    The FTC recently heard the companies make their cases in a series of meetings. At stake is a $27 billion deal in which Winston-Salem-based Reynolds’ would take over Greensboro-based Lorillard.

     

    Full Content: New York Post

     

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