Imperial Confirms Talks to Acquire Assets from Reynolds American, Lorillard Ahead of Merger

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Imperial Tobacco
ITYBY
confirmed it was in talks with Reynolds American
RAI
and Lorillard
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. View full article http://www.reuters.com/article/2014/07/11/us-imperial-tobacco-reynolds-idUSKBN0FG0DI20140711?feedType=RSS&feedName=businessNews
Posted In: NewsRumorsAsset SalesM&AConsumer StaplesReutersTobacco
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