RAI & Lorillard Merger Gets Shareholder OK

 

(CSN) Shareholders of Reynolds American Inc. (RAI) and Lorillard Inc. voted overwhelmingly in favor of the $27.4-billion merger between the companies during a special meeting Wednesday. Final results show that more than 98 percent of voting shares voted in favor of the proposal. This represents approximately 80 percent of all outstanding shares, Lorillard reported. Continued