Reynolds American and Lorillard Receive FTC Clearance for Proposed Merger

Reynolds American Inc., the parent company of R.J. Reynolds Tobacco Company, has announced that it has received clearance from the US Federal Trade Commission (FTC) for its proposed merger with Lorillard, Inc. Following this clearance, the companies await final court approval for the transactions. The proposed merger is a significant development in the tobacco industry, with Reynolds American and Lorillard operating as leading companies in the sector. As part of the merger, certain brand divestitures are planned, which are subject to final court approval.

Key Takeaways:

• Reynolds American and Lorillard have received clearance from the US FTC for their proposed merger.
• The merger is subject to final court approval, with certain brand divestitures planned.
• The proposed merger is a significant development in the tobacco industry, with both companies operating as leading companies.
• The companies await final court approval for the transactions.
• This clearance is a crucial step towards the completion of the merger.
• Reynolds American will continue to operate its operating companies, including R.J. Reynolds Tobacco Company, American Snuff Company, and Santa Fe Natural Tobacco Company, among others.
• The proposed merger will transform the tobacco industry, with both companies working together to benefit shareholders.
• The clearance from the FTC demonstrates the companies' compliance with antitrust regulations.

Statistics:

• The proposed merger involves the transfer of certain brands, subject to final court approval.
• Reynolds American and Lorillard operate in the tobacco industry, with Reynolds American being the parent company of R.J. Reynolds Tobacco Company.
• The companies expect the merger to be completed following final court approval.
• The clearance from the FTC is a significant milestone in the merger process.
• The proposed merger is expected to have a significant impact on the tobacco industry.

Sources:

• Reynolds American Inc. (2015) - Web Disclosure,
• Reynolds America Inc. (2015) - ABOUT US.