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Expert Analysis

FTC Cleared Cigarette Merger Despite Anti-Smoking Agenda

Law360, New York (June 18, 2015, 5:31 PM EDT) -- Last month, the Federal Trade Commission accepted from Reynolds American Inc. and Lorillard Inc., subject to final approval, a consent order settling the agency's significant competitive concerns with Reynolds' proposed $27.4 billion acquisition of Lorillard by requiring the divestiture of four cigarette brands to Imperial Tobacco Group PLC.[1] The proposed settlement will be subject to public comment through June 25, 2015, after which the FTC will decide whether to make the proposed consent order final....

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