Lorillard shares rally after Reynolds confirms buyout talks (12)

MarketWatch 2014.07.11 14:37
By Tomi Kilgore LO RAI BTI NEW YORK (MarketWatch) - Shares of Lorillard /quotes/zigman/511272/delayed/quotes/nls/lo LO +0.13% rallied 4.5% in premarket trade after Reynolds American /quotes/zigman/334469/delayed/quotes/nls/rai RAI -0.65% confirmed that it was in discussions regarding a possible acquisition of the cigarette maker. Reynolds said its largest shareholder, British American Tobacco
TOBACCO, BRAND, MERGER, CIGARETTE, TALK, MAKER, Reynolds American Inc., Lorillard Inc., Davidoff, Altria Group Inc., Loews Corp., Philip Morris, USA