Reynolds may have to divest additional brand in Lorillard-Imperial deal

 

(CSP) Reynolds American Inc. may have to add a fourth cigarette brand to secure Federal Trade Commission (FTC) approval for its proposed $27.4 billion purchase of Lorillard Inc. to buy top U.S. menthol brand Newport, reported The Winston-Salem Journal.
Reynolds updated its legal disclaimer last week involving the potential purchase to add "the possibility of having to include Doral brand as part of the divestiture transaction." Continued