Imperial Confirms Talks to Acquire Assets from Reynolds American, Lorillard Ahead of Merger
Imperial Tobacco (OTC: ITYBY) confirmed it was in talks with Reynolds American (NYSE: RAI) and Lorillard (NYSE: LO) regarding a potential acquisition of assets from the two companies, ahead of their long-rumored merger, according to Reuters. Reports on Thursday indicated Reynolds and Lorillard were near a merger deal that could be announced as soon as Friday, and a sale of the assets was needed to ease regulators anti-trust concerns.
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