The merger with Reynolds American Inc. would create the second-largest American cigarette company.
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.
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.
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.