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Headlines Tagged with FTC 641 headlines found

31 Views

Reynolds Cleared to Buy Lorillard With Sale of Four Brands

“Imperial is positioned to be a sufficiently robust and aggressive competitor,” said the commission, which voted 3-2 to clear the deal. The merger allows Reynolds to acquire Lorillard’s Newport menthol cigarette brand, which is popular in urban areas, an
Bloomberg News
added May 27, 2015 03:43
25 Views

Reynolds-Lorillard Wins FTC Approval With 3-to-2 Vote

“The merging parties chose to present this acquisition to the commission with a proposed divestiture aimed solely at securing our approval of the acquisition,” the FTC wrote. “As proposed, Reynolds will purchase Lorillard for $27.4 billion and then immed
Convenience Store/Petroleum (CSPNet)
added May 27, 2015 03:42
14 Views

Reynolds American Inc., and Lorillard, Inc., In the Matter of

CASE TIMELINE
Federal Trade Commission (FTC)
added May 27, 2015 03:26
15 Views

In the Matter of REYNOLDS AMERICAN and LORILLARD: DECISION AND ORDER [Public Record Version] (PDF)

IT IS FURTHER ORDERED that: A. On the Acquisition Date, Respondent Reynolds shall divest the Combined Cigarette Business, absolutely and in good faith, to Imperial, pursuant to, and in accordance with, the Imperial Divestiture Agreement. The Imperial Dive
Federal Trade Commission (FTC)
added May 27, 2015 03:23
12 Views

Statement of the Federal Trade Commission In the Matter of Reynolds American, Inc. and Lorillard Inc. (PDF)

Commission has voted to accept for public comment a settlement with Reynolds ...to resolve the likely anticompetitive effects of Reynolds’ proposed acquisition of Lorillard Inc. The settlement will allow the acquisition to move forward, subject to large d
Federal Trade Commission (FTC)
added May 27, 2015 03:14
4 Views

ANALYSIS OF AGREEMENT CONTAINING CONSENT ORDER TO AID PUBLIC COMMENT (PDF)

Reynolds must divest a substantial set of assets to Imperial Tobacco Group plc.... The Consent Agreement has been placed on the public record for 30 days to solicit comments from interested persons. Comments received during this period will become part of
Federal Trade Commission (FTC)
added May 27, 2015 03:10
5 Views

COMPLAINT (PDF)

(“Commission”), having reason to believe that Reynolds....has agreed to acquire Lorillard, Inc. (“Lorillard”)...and it appearing to the Commission that a proceeding on this matter would be in the public interest, issues this Complaint, stating the followi
Federal Trade Commission (FTC)
added May 27, 2015 03:03
2 Views

AGREEMENT CONTAINING CONSENT ORDER (PDF)

IT IS HEREBY AGREED by and between Proposed Respondents, by their duly authorized officers and attorneys, and counsel for the Commission that:
Federal Trade Commission (FTC)
added May 27, 2015 02:58
4 Views

Dissenting Statement of Commissioner Joshua D. Wright In the Matter of Reynolds American Inc. and Lorillard Inc. (PDF)

that is not our role. There is no legal authority for the proposition that the Commission can prophylactically impose remedies without an underlying violation of the antitrust laws. And there is no legal authority to support the view that the Commission
Federal Trade Commission (FTC)
added May 27, 2015 02:53
5 Views

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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