FTC says it has no ash to grind in RJR merger.
Business North Carolina › Vol. 24 Nbr. 8, August 2004
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Summary
Tar Heel Tattler - R.J. Reynolds Tobacco Holdings planned merger - Debating red light cameras in Greensboro NC - Native American activists attempt revival of Tuscarora nation
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FTC says it has no ash to grind in RJR merger.
Pulling off a big merger in the glare of antitrust scrutiny requires a tricky balancing act. Investors need assurance that the deal will help the company compete better, while regulators need to be persuaded that it won't help too much.
Winston-Salem-based R.J. Reynolds Tobacco Holdings managed that feat with surprising ease. It planned to merge with Louisville, Ky.-based Brown & Williamson to create Reynolds American Inc., based in the Twin City, at the end of July. About two weeks before the Federal Trade Commission was to rule on the deal, reports surfaced that FTC lawyers had urged the commission to challenge the m...See the full content of this document
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