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twitterTobacco merger cleared by FTC
Wednesday, June 23, 2004 | 10:40 a.m.
WINSTON-SALEM, N.C.-- The $2.6 billion merger of R.J. Reynolds Tobacco Co. and Brown & Williamson on Tuesday received the blessing of the Federal Trade Commission.
The deal now requires approval from the Securities and Exchange Commission and RJR shareholders. The new company would rank second in U.S. cigarette market share after Marlboro maker Philip Morris USA. The combined companies would make one of every three cigarettes in the United States with brands such as Camel, Winston, Salem and Kool.
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