Today, the Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) alleging that Altria Group, Inc. and JUUL Labs, Inc. entered a series of agreements, including Altria’s acquisition of a 35% stake in JUUL, that eliminated competition in violation […]
Tag Archives: Tobacco Bureau of Competition Competition Merger
FTC Requires Reynolds and Lorillard to Divest Four Cigarette Brands as a Condition of $27.4 Billion Merger
Tobacco companies Reynolds American Inc. and Lorillard Inc. have agreed to divest four cigarette brands to Imperial Tobacco Group to settle Federal Trade Commission charges that their proposed $27.4 billion merger would likely be anticompetitive. Reynolds markets two of the best-selling cigarettes in the country, Camel and Pall Mall, as well as Winston, Kool, and […]