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US: FTC weighing settlement to clear Reynolds/Lorillard deal

 |  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.

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


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