Reynolds American Acquiring Lorillard Tobacco Company

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Reynolds American Acquiring Lorillard Tobacco Company

The long-rumored deal between two of the biggest players on tobacco road finally came to fruition. Reynolds American, Inc. (NYSE:RAI) announced on Tuesday, July 15th, it was acquiring Lorillard Inc. (NYSE:LO) for more than $27 billion in a cash and stock deal, bringing together two of the country’s biggest tobacco companies to try and keep up with the competition in a cutthroat industry.