Analysis: Big Tobacco to dominate e-cig business

|By:, SA News Editor

Big Tobacco (LO, RAI, MO) will dominate the e-cigarette business due to its resources and established distribution network, according to RBC Capital Markets analys Nik Modi.

A merger between Lorillard and Reynolds American would only heighten the advantage of the majors over smaller players (ECIG, MCIG, AHII), reasons the investment firm.