The Traderszone Network

Published in TZ Latest News 11 July, 2014 by The TZ Newswire Staff

Reynolds and Lorillard in talks with Imperial on possible disposal

U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain’s Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger. Confirming what people familiar with the matter previously told Reuters, Imperial, known for the Gauloises and Davidoff brands, said it was in talks on a possible acquisition from the two U.S.-based companies that would expand its presence in what remains one of the world’s largest and most profitable cigarette markets.

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