10:49 am
Tue October 21, 2014

Lorillard CEO Could Get $44M in Merger Deal

Credit Creative Commons Google

The CEO of cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes.

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4:49 pm
Fri August 29, 2014

Federal Trade Commission Has More Questions About Reynolds Deal

Reynolds American Headquarters in downtown Winston-Salem.
Credit WFDD photo by Celia Spell

The Federal Trade Commission is asking for more information about Reynolds American’s $25-billion takeover of Lorillard.

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11:00 pm
Tue July 15, 2014

Reynolds Acquisition of Lorillard a "Blockbuster of a Deal for the Triad"

The Reynolds American headquarters in Winston-Salem.
Credit WFDD photo by Celia Spell.

Reynolds American announced last week that it was in talks with Lorillard about a possible acquisition, a deal that had been rumored for months.

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5:39 pm
Tue July 15, 2014

Residents React to Reynolds’ Acquisition of Lorillard

Reynolds American, Inc. says it will keep its headquarters in downtown Winston-Salem
Credit Celia Spell

It’s official. Reynolds American, Inc. plans to buy Greensboro-based Lorillard in a nearly $27 billion dollar acquisition deal. Reynolds American is based in Winston-Salem and company official said t will remain a part of the city's downtown skyline.

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10:26 am
Tue July 15, 2014

Reynolds American Will Remain Headquartered in Winston-Salem

Reynolds American officials say the acquisition of Lorillard will significantly strengthen and diversify R.J. Reynolds’ cigarette portfolio, which includes acquiring the Newport brand. Newport leads the U.S. menthol category.
Credit by: Fried Dough via flickr

Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard for about $27 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.

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