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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 popular menthol brand. And it...

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