Imperial Confirms Talks to Acquire Assets from Reynolds American, Lorillard Ahead of Merger

Imperial Tobacco ITYBY confirmed it was in talks with Reynolds American RAI and Lorillard LO regarding a potential acquisition of assets from the two companies, ahead of their long-rumored merger, according to Reuters. Reports on Thursday indicated Reynolds and Lorillard were near a merger deal that could be announced as soon as Friday, and a sale of the assets was needed to ease regulators anti-trust concerns. View full article http://www.reuters.com/article/2014/07/11/us-imperial-tobacco-reynolds-idUSKBN0FG0DI20140711?feedType=RSS&feedName=businessNews