The following bids, mergers, acquisitions and disposals were reported by 1415 GMT on Friday:** U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc, the companies said.
Lorillard, Inc. (Lorillard) is the manufacturer of cigarettes in the United States. Shares of LO traded higher by 5.09% or $3.21/share to $66.30. 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 3300281.
Reynolds American Inc. (RAI) is a holding company. Shares of RAI fell by 0.19% or $-0.1199/share to $62.14. 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 779282.
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