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Headlines Tagged with FTC 641 headlines found

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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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[North Carolina] Reynolds-Lorillard deal gets FTC clearance

The FTC vote to accept the proposed consent order for public comment was 3-2, with Commissioners Julie Brill and Joshua D. Wright voting "no" and issuing dissenting statements, according to the press release. The public comment period starts Tuesday and
Business Journal of the Greater Triad Area
added May 27, 2015 02:37
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UPDATED: FTC approves Reynolds-Lorillard deal

Reynolds American Inc.’s plans to divest four traditional and one electronic cigarette brands proved enough to narrowly win Federal Trade Commission approval of its $27.4 billion megadeal for Triad rival Lorillard Inc.
Winston-Salem (NC) Journal
added May 27, 2015 02:36
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Reynolds-Lorillard Tobacco Merger Gets FTC Clearance

said it was satisfied the divestitures would restore market competition that would have been lost through the merger, with Imperial “positioned to be a sufficiently robust and aggressive competitor” to a combined Reynolds-Lorillard and industry leader Alt
The Wall Street Journal Interactive Edition
added May 27, 2015 02:34
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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
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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
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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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