Subscribe Register Login

Saturday, December 20, 2014, 6:28 p.m.
Top Picks - Capture Arkansas

Tobacco firm Reynolds American to buy Lorillard

By The Associated Press

This article was published July 15, 2014 at 6:34 a.m.

RICHMOND, Va. — Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard Inc. for about $25 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.

The deal announced Tuesday would create a formidable No. 2 to rival Altria Group Inc., owner of Philip Morris USA, and will likely face scrutiny from regulators.

The companies value the deal at about $27 billion including debt.

Reynolds markets Camel, Pall Mall and Natural American Spirit cigarettes. Lorillard sells Newport, Maverick and Kent cigarettes.

The companies say they will sell the Kool, Salem, Winston, Maverick and blu eCigs brands to Imperial Tobacco Group for $7.1 billion to ease regulatory concerns about competition.

Comments on: Tobacco firm Reynolds American to buy Lorillard

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Service tech/install

    er Garage Door Fixer is looking for a "er . Diagnose and rep...
    LITTLE ROCK, AR

  • Accounting

    positionsgrowing NLR company needs to fill accounting posit...
    NORTH LITTLE ROCK, AR

  • Temp farm laborers

    temp farm laborers (14). 2/9/15-10/15/15. Seine, clean, grad...
    LONOKE, AR

  • Fire academy instr.

    The Arkansas Fire Training Academy, a division of Southern A...
    CAMDEN, AR

  • Legal support spclst

    Arkansas Workers' Compensation Commissionlegal support speci...
    LITTLE ROCK, AR

Search 742 jobs >

Top Picks - Capture Arkansas
Arkansas Online