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Headlines Tagged with FTC 637 headlines found

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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
54 Views

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
3 Views

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
35 Views

What Does The Reynolds-Lorillard Deal Mean For Altria?

There is no doubt that there is hardly any silver lining for Altria in a situation where the FTC approves the deal. However, the FTC could put up further restrictions or asset sales in order to preclude any anti-competitive moves in the industry, which c
Trefis
added May 13, 2015 23:28
38 Views

[North Carolina] Imperial Tobacco revenue off 4 percent, company confident of deal

is a key third-party participant in Reynolds American Inc.’s $27.4 billion offer to buy Lorillard Inc., essentially to acquire the Newport traditional cigarette menthol brand. Imperial has agreed to pay Reynolds $7.1 billion for Lorillard’s operations in
Winston-Salem (NC) Journal
added May 7, 2015 13:35
113 Views

FTC expected to approve $27B tobacco deal

The Federal Trade Commission is expected to approve Reynolds American’s $27 billion purchase of Lorillard by a vote of four to one, despite the objections of some agency staff, The Post has learned. The deal will combine the second- and third-largest cig
New York Post
added Apr 25, 2015 12:58
31 Views

ITG Brands Executive Team Appointed

ITG Brands, LLC, the wholly owned subsidiary of Imperial Tobacco Group PLC, has announced the appointment of executive team members following the expected completion of transactions, which remain subject to regulatory approval and other customary closing
Business Wire
added Apr 24, 2015 13:26
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