The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:** Reynolds American Inc said it would purchase rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales.
Lorillard, Inc. (Lorillard) is the manufacturer of cigarettes in the United States. Shares of LO fell by 10.49% or $-7.05/share to $60.17. In the past year, the shares have traded as low as $41.56 and as high as $67.46. On average, 3259580 shares of LO exchange hands on a given day and today's volume is recorded at 31230360.
Reynolds American Inc. (RAI) is a holding company. Shares of RAI fell by 6.87% or $-4.34/share to $58.84. In the past year, the shares have traded as low as $46.55 and as high as $63.39. On average, 2264170 shares of RAI exchange hands on a given day and today's volume is recorded at 10728897.
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