Goldman Sachs Reinstates Reynolds American (RAI) at Conviction Buy
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Reynolds American (RAI) Completes Acquisition of Lorillard (LO)
June 12, 2015 8:27 AM EDTReynolds American Inc. (NYSE: RAI) has completed its acquisition of Lorillard (NYSE: LO) and related divestiture transactions. As a result of the acquisition, Lorillard is a wholly owned subsidiary of RAI, and former Lorillard shareholders will own approximately 15 percent of RAI's common stock.
RAI's operating companies have key brands across major industry... More
