How Imperial Tobacco Group (ITYBY) Stock May Be Helped By A Reynolds (RAI), Lorillard (LO) Deal

NEW YORK (TheStreet) -- Imperial Tobacco Group (ITYBY) is looking at a deal for assets likely to be divested from Reynolds American Inc. (RAI) and Lorillard Inc.  (LO) if the two tobacco companies move forward with a proposed combination, sources say, Reuters reports.

The two U.S. companies are in advanced talks about a merger.

The companies have discussed divesting some brands to address potential antitrust concerns.

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Imperial, based in the U.K., has held discussions about acquiring these brands and is working with advisers to study the deal, sources added, Reuters said.

Imperial stock is up 1.20% to $89.67.
 

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