- Imperial Tobacco (ITYBY) has closed approximately $13B of loans to finance its acquisition of several brands and assets of Reynolds American (NYSE:RAI).
- The financing covers the $7.1B acquisition of cigarette brands, Winston, Maverick, Kool, Salem and blu, which Reynolds wished to unload to clear the way for its merger with Lorillard (NYSE:LO).
- As part of the purchase, Imperial will also take over Lorillard's national sales force, offices and production facilities.
Imperial Tobacco closes loans to finance Reynold's purchases
Recommended For You
More Trending News
About IMBBY Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
IMBBY | - | - |
Imperial Brands PLC |