The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.** German utility EnBW said on Friday it would purchase the 50 percent stake owned by Italy's Eni in a jointly held gas grid company, taking full ownership of an asset that is expected to generate stable returns over the coming years.
Lorillard, Inc. (Lorillard) is the manufacturer of cigarettes in the United States. Shares of LO traded higher by 0.13% or $0.08/share to $63.09. In the past year, the shares have traded as low as $41.56 and as high as $65.39. On average, 3030530 shares of LO exchange hands on a given day and today's volume is recorded at 3964011.
Reynolds American Inc. (RAI) is a holding company. Shares of RAI fell by 0.65% or $-0.41/share to $62.26. In the past year, the shares have traded as low as $46.55 and as high as $63.39. On average, 2230330 shares of RAI exchange hands on a given day and today's volume is recorded at 2224327.
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