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US: Reynolds American getting FTC approval for Lorillard deal

By  |  May 21, 2015

Camel cigarette brand owner Reynolds American Inc’s planned acquisition of smaller rival Lorillard Inc is expected to receive US antitrust clearance as soon as next week, the Wall Street Journal said.

Reynolds offered to buy Lorillard for $25 billion in last July. A merger will combine the number 2 and number 3 cigarette companies in the United States.

Reynolds, Lorillard and the US Federal Trade Commission were not immediately available for comment.

 

Full content: The Wall Street Journal

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