The Federal Trade Commission (FTC) is expected to approve plans by Reynolds American International (RAI) to acquire Lorillard, the New York Post said in an unsourced report.
Commissioners by a vote of four-to-one are expected to approve the merger in part because the deal includes the sale of big RAI brands Winston and Kool and some smaller ones to Imperial Tobacco, the newspaper reported. Imperial thus would acquire enough market presence to remove fears of monopolistic practices should the USD 27 billion (EUR 24.8 billion) deal go forward, the Post said.
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