RAI<>Reynolds, Lorillard deal faces shareholder vote this week
Reynolds (NYSE:RAI) Chief Executive Susan Cameron is confident shareholders will approve the Reynolds American and Lorillard (NYSE:LO) deal this Wednesday, which will combines the two to create a more formidable rival against Marlboro (NYSE:MO).
Shareholders of Imperial Tobacco (OTCQX:ITYBY) (the third party which is expected to buy several brands of Reynolds American as part of the deal) are also expected to approve the transaction because it turns Imperial into the No. 3 player in the U.S.
However, the real test for the merger and the related divestiture of brands will come later this quarter, when the FTC weighs in on deal.
Previously: The FTC asks Reynolds American and Lorillard for more info on merger (Aug. 29 2014)
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