Topics

BREAKING NEWS
Sports
Scottish voters rejecting independence from Britain
Reynolds American Incorporated
Cigarette giant Reynolds American in talks to acquire rival Lorillard
Cigarette giant Reynolds American in talks to acquire rival Lorillard

Cigarette-maker Reynolds American Inc. said it’s in talks to acquire Lorillard Inc., a deal that would combine the nation’s second- and third-largest tobacco firms. After months of unconfirmed reports, the two cigarette makers acknowledged the talks Friday. If completed, the deal would create a tobacco behemoth, one with a strong foothold in the increasingly popular electronic cigarette market. The companies, two of the nation's oldest, had more than $13 billion in combined sales last year.  Reynolds American, the nation’s second-largest tobacco company, produces the Camel and Pall Mall cigarette brands. Greensboro, N.C.-based Lorillard owns Newport, the...

Loading