Comment on FTC approves Reynolds' purchase of cigarette rival Lorillard

FTC approves Reynolds' purchase of cigarette rival Lorillard

WASHINGTON (AP) — Reynolds American's proposed $25 billion acquisition of rival Lorillard has cleared a key regulatory hurdle to move closer to completing a deal that will unite some of the nation's top cigarette brands. The Federal Trade Commission gave its consent Tuesday after wrapping up a 10-month review that concluded Reynolds' previously announced divestiture plans will be enough to preserve competition in the U.S.

 

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