Reynolds, Lorillard Deal Back on Track -CNBC
July 03 2014 - 12:43PM
Dow Jones News
A deal to combine Reynolds American Inc. (RAI) and Lorillard
Inc. (LO) is back on track and an announcement could take place
within weeks, CNBC's David Faber reported Thursday.
"They have not fully negotiated terms," Mr. Faber said, and "the
complexity of the deal could mean that it is once again knocked off
course for some time. But at this point it does seem to have a good
amount of momentum pointing to an announcement before the end of
this month," Mr. Faber said.
The Wall Street Journal reported in late May that the companies
were in advanced merger talks.
Reynolds stock is up 2.6% on the day and Lorillard is up
6.2%.
Full story at www.cnbc.com
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