Reynolds Nails Down Big Cig Merger

(Undated) -- Tobacco giant Reynolds American is acquiring rival Lorillard in a 27-billion dollar cash-and-stock deal. Reynolds is the maker of Camel cigarettes and will add Lorillard's flagship brand Newport to its lineup. In a separate deal, Reynolds agreed to sell off the Kool, Winston, Salem and Blu eCigs brands to Imperial Tobacco Group for seven-point-one-billion dollars.