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US: Odds improving on Reynolds-Lorillard $32 billion deal

By  |  April 5, 2015

Despite reports earlier this week that the Federal Trade Commission was about to block the merger of cigarette makers Reynolds American and Lorillard people familiar the matter told The Wall Street Journal on Thursday that the agency is considering possible settlement terms to allow the $25-billion deal to proceed.

The companies have been meeting with FTC commissioners this week to discuss the merger, which would combine the nation’s second- and third-largest cigarette makers. The tobacco firms announced their deal last July, and the commission has been scrutinizing it closely for potential antitrust concerns.

No agreement has been reached and no final decision made, leaving the outcome still uncertain, the Journal said.

 

Full Content: The Wall Street Journal

 

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