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Headlines Tagged with FTC 641 headlines found

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Dissenting Statement of Commissioner Julie Brill In the Matter of Reynolds American, Inc. and Lorillard Inc. (PDF)

I have reason to believe this merger increases both the likelihood of coordinated interaction between the remaining participants in the cigarette market, and the likelihood that the merged firm will unilaterally exercise market power.
Federal Trade Commission (FTC)
added May 27, 2015 02:48
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Reynolds American wins U.S. antitrust approval to buy rival Lorillard

The deal presented antitrust enforcers with a dilemma: Their mandate is to prevent higher prices because of mergers, but U.S. public policy aims to make cigarettes more expensive to discourage smoking.
Reuters
added May 27, 2015 02:45
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FTC Requires Reynolds and Lorillard to Divest Four Cigarette Brands as a Condition of $27.4 Billion Merger (PDF)

According to the FTC complaint, without the divestiture to Imperial, the proposed merger raises significant competitive concerns by eliminating current and emergent, head-to-head competition between Reynolds and Lorillard in the U.S. market for tradition
Federal Trade Commission (FTC)
added May 27, 2015 02:31
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BREAKING: FTC OKs $27B Reynolds-Lorillard Merger With Divestitures ($$)

could go ahead with their $27.4 billion merger as long as they sell four cigarette brands to the U.K.'s Imperial Tobacco Group PLC to assuage the watchdog's antitrust concerns. In a split vote, the FTC signed off on the offer from Reynolds and Lorillard
Law360
added May 27, 2015 02:24
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Reynolds American and Lorillard receive U.S. FTC clearance for proposed merger and related brand divestitures;

(FTC) has voted to accept a proposed consent agreement, authorizing RAI to close its proposed acquisition of Lorillard. The FTC clearance is subject to certain conditions, most of which the companies had previously agreed to as part of the related divest
Reynolds American (RAI)
added May 27, 2015 02:22
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Reynolds Said Set to Win Antitrust Clearance for Lorillard

The merger would allow the company to acquire Lorillard’s Newport menthol cigarette brand, whose popularity in urban areas will help Reynolds Chief Executive Officer Susan Cameron cope with slumping demand. The transaction is expected to help carve out $
Bloomberg News
added May 21, 2015 22:53
54 Views

FTC Expected to Clear Reynolds-Lorillard Deal as Soon as Next Week

Reynolds and Lorillard will benefit financially if they get clearance and close the deal by June 1. Lorillard can save $240 million it would otherwise have to pay shareholders as quarterly dividend, if it remained a separate entity, WSJ reported, citing
The Wall Street Journal Interactive Edition
added May 21, 2015 22:50
20 Views

FTC Expected to Clear Reynolds-Lorillard Deal as Soon as Next Week

according to people familiar with the deliberations.... The companies and the FTC have spent several weeks finalizing a settlement to allow the merger, with conditions attached that are intended to protect market competition.
The Wall Street Journal Interactive Edition
added May 21, 2015 22:49
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Illinois Supreme Court revisits lawsuit against tobacco company

The case goes back to the Illinois Supreme Court for a second time when oral arguments are heard Tuesday, May 19, 2015. The proceeding was scheduled to begin at 9:30 a.m.
WQAD-TV (Moline, IL)
added May 19, 2015 00:29
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What Does The Reynolds-Lorillard Deal Mean For Altria?

It is clear that Reynolds, with a 34% market share as opposed to 28% pre-merger, will be a stronger force to deal with. Since the purchase of cigarettes tend to be an impulsive buy, Reynolds stands to gain plenty from combining its distribution channels,
Forbes
added Jun 8, 2015 18:08
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