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RJ Reynolds considering bid for Lorillard - FT
March 3, 2014 / 7:52 PM / 4 years ago

RJ Reynolds considering bid for Lorillard - FT

March 3 (Reuters) - U.S. tobacco company RJ Reynolds is exploring a bid for rival cigarette-maker Lorillard Inc, the Financial Times reported, citing people familiar with the situation.

The deal value is expected to be in excess of $20 billion, the paper reported.

RJR has appointed investment bank Lazard to explore the deal, the Financial Times reported. ()

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