GREENSBORO, N.C., July 11, 2014 /PRNewswire/ -- Lorillard,
Inc. (NYSE: LO) today confirmed that Lorillard and Reynolds
American Inc. (NYSE: RAI) ("RAI") are engaged in discussions
regarding RAI's potential acquisition of Lorillard. In
connection with that transaction, RAI and Lorillard are in
discussions with Imperial Tobacco Group PLC (LON: IMT) regarding
the potential sale of certain assets and brands owned by RAI and
Lorillard to Imperial.
No agreement has been reached and there can be no assurances
that any transactions will result.
Unless circumstances dictate otherwise, Lorillard does not
intend to make any additional comments regarding this matter.
About Lorillard, Inc.
Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco
Company subsidiary, is the third largest manufacturer of cigarettes
in the United States. Founded in 1760, Lorillard Tobacco is
the oldest continuously operating tobacco company in the U.S.
Newport, Lorillard's flagship
premium cigarette brand, is the top selling menthol and second
largest selling cigarette in the U.S. In addition to
Newport, the Lorillard product
line has four additional cigarette brand families marketed under
the Kent, True, Maverick and Old Gold brand names. These five
brands include 43 different product offerings which vary in price,
taste, flavor, length and packaging. Lorillard, through its
other subsidiaries, is also a leading global electronic cigarette
company, marketed under the blu eCigs and SKYCIG brands.
Newport, Kent, True, Maverick, Old
Gold, blu eCigs and SKYCIG are the registered trademarks of
Lorillard and its subsidiaries. Lorillard maintains its
corporate headquarters and manufactures all of its traditional
cigarette products in Greensboro, North
Carolina.
Forward-Looking Statements
Certain statements made in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, or the Reform Act.
Forward-looking statements include, without limitation, any
statement that may project, indicate or imply future results,
events, performance or achievements, and may contain the words
"expect," "intend," "plan," "anticipate," "estimate," "believe,"
"may," "will be," "will continue," "will likely result" and similar
expressions. In addition, any statement that may be provided by
management concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business
strategies or prospects and possible actions by Lorillard, Inc. are
also forward-looking statements as defined by the Reform Act.
Forward-looking statements are based on current expectations and
projections about future events and are inherently subject to a
variety of risks and uncertainties, many of which are beyond our
control, that could cause actual results to differ materially from
those anticipated or projected. Information describing factors that
could cause actual results to differ materially from those in
forward-looking statements is available in Lorillard, Inc.'s
filings with the Securities and Exchange Commission (the "SEC"),
including but not limited to, our Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. These filings are available
from the SEC over the Internet or in hard copy, and are available
on our website at www.lorillard.com. Forward-looking statements
speak only as of the time they are made, and we expressly disclaim
any obligation or undertaking to update these statements to reflect
any change in expectations or beliefs or any change in events,
conditions or circumstances on which any forward-looking statement
is based.
SOURCE Lorillard, Inc.
