Tag Archives: Lorillard

FTC Approved Reynolds-Lorillard Business Deal

Tobacco company Reynolds American Inc wants to dissociate one e-cigarette brand and four tobacco cigaretts brands in order to win approval from Federal Trade Commission with its $27.4 billion deal with Lorillard Inc. With 3-2 vote the comission signed an important deal in the course of which Reynolds purchases Newport cigarettes brand that is second popular brand in the USA … Continue reading Continue reading

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Tobacco Companies Increase Their Cigarettes Prices

Prices on cigarettes in the USA go up again, because three major tobacco makers continue trying to get revenue in spite of smoking volumes drop. R.J. Reynolds Tobacco Co., Philip Morris USA and  Lorillard Inc. increased list prices on their cigarettes by 7 cents a pack. The last price increase occured in May current year. To note that list price … Continue reading

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Imperial Tobacco to Have New Office in Greensboro

Imperial Tobacco Group, the tobacco company from the UK, plans to take control over Lorillard company and its 2,900 workers. They have chosen Greensboro to place head office of the new tobacco company. Total price of the deal is $27.4 billion. The new company will have Imperial’s existing U.S. business and also  it will buy Greensboro head offices, manufacturing plant … Continue reading

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Lorillard Reported Cigarette Volumes Drop

On July 30 Lorillard presented report on its second-quarter 2014 results, which reflects earnings increase by 3.7% from the prior-year quarter and sales increase. Reduction of outstanding share count resulted in earnings growth. Due to low e-cigarettes sales, in the report there was no Zacks Consensus Estimate of 88 cents by 4.5%. The report showed a reduction by 0.3% in … Continue reading

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British American Tobacco Looks At Possible Deals With Lorillard

At the beginning of the week it was reported that British American Tobacco, Britain’s largest tobacco maker of Lucky Strike cigarettes, asked Deutsche Bank to collaborate with UBS on possible financial deals in the USA. British American Tobacco engaged the banker to advise the company on possible purchases and deals. They are interested in Reynolds  and Lorillard. Experts say that … Continue reading

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Lorillard Increased Prices on its Top Brands

Lorillard Inc. has increased by 6 cent per pack prices on some of its top selling cigarette brands. The company representatives say that this measure is need to be done in order to keep pace with its major rival on the cigarettes market Altria Group Inc. The Greensboro, tobacco manufacturer of Newport and a number of other cigarette brands, is … Continue reading

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Lorillard Published Quarterly Dividend on Common Stock

At the beginning of the week Lorillard Inc, the third largest maker of cigarettes in the USA, announced a quarterly dividend on its common stock in the amount of $0.55 per share, payable on September 10, 2013 to investors of record as of August 30, 2013. Lorillard, Inc is the third largest cigarettes manufacturer in the USA which was founded … Continue reading

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Cigarette companies raise wholesale list prices

Three U.S. tobacco manufacturers, including two Triad companies, raised list prices paid by wholesale and direct purchase customers. R.J. Reynolds Tobacco Company and Phillip Morris USA brought increases into action Monday following Lorillard Inc that raised prices on Friday. R.J. Reynolds raised the list price on 7 of its cigarette brands by 6 cents, while Lorillard and Phillip Morris USA … Continue reading

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Cigarette Sales May Be Off, But Lorillard Still Rolls On

Fewer Americans smoke cigarettes these days, but Lorillard Inc. is betting it can buck the trend. Last year, as part of a decades-long decline, the percentage of U.S. adults who smoke dropped below 20%. Altria Group Inc. and Reynolds American Inc., the two largest U.S. tobacco companies by sales, have begun diversifying into smokeless tobacco products, which are less harmful … Continue reading

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FDA Defends Graphic Labels against Cigarette Companies’ Lawsuit

Responding to a lawsuit filed by five of the nation’s largest cigarette manufacturers, the U.S. Food and Drug Administration filed Friday to block any delay to new regulations requiring graphic warning labels on cigarette packages. The tobacco companies are suing the agency in U.S. District Court for the District of Columbia, claiming that the new labels cross the line from … Continue reading

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