Reynolds American to acquire Lorillard in $27.4B deal; Imperial Tobacco to pick up Lorillard facilities, workers in deal

Reynolds American Inc. has struck a deal to acquire Lorillard Inc. for $27.4 billion. Reynolds (NYSE: RAI) and Lorillard announced Tuesday morning that they have entered into a definitive agreement in which Winston-Salem-based Reynolds has agreed to acquire Greensboro-based Lorillard in a cash-and-stock transaction currently valued at $68...