FTC Requires Reynolds and Lorillard to Divest Four Cigarette Brands as a Condition of $27.4 Billion Merger

Tobacco companies Reynolds American Inc. and Lorillard Inc. have agreed to divest four cigarette brands to Imperial Tobacco Group to settle Federal Trade Commission charges that their proposed $27.4 billion merger would likely be anticompetitive. Reynolds markets two of the best-selling cigarettes in the country, Camel and Pall Mall, as well as Winston, Kool, and […]