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US: FTC may block Reynolds, Lorillard tobacco merger

By  |  March 31, 2015

The staff of the Federal Trade Commission is recommending a lawsuit to bar the merger of Reynolds American Inc. and Lorillard Inc., the New York Post reports.

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    The Post cites “a well-placed DC source not working on the case.”

    Sources told the newspaper they believed that regulators were scheduled to meet Tuesday regarding the Reynolds-Lorillard vote. The five commission members would have discretion on whether to follow the staff recommendation.

    In the $27 billion proposed merger, Winston-Salem-based Reynolds would take over Greensboro-based Lorillard. Reports have stated that the companies would likely meet with the FTC this week and that a vote by the commission could soon follow.

     

    Full Content: New York Post

     

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