Analyst: Combining Reynolds American and Lorillard could mean local job cuts - Winston-Salem Journal: Business Beat

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Analyst: Combining Reynolds American and Lorillard could mean local job cuts

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Posted: Tuesday, March 4, 2014 2:56 pm

The cost of combining Reynolds American Inc. and Lorillard Inc. could include the closing of a manufacturing plant, whether in Tobaccoville or Greensboro, and the elimination of hundreds of Triad jobs, an industry analyst said today.

Investor interest has not cooled today in the possibility that Reynolds, the nation’s No. 2 tobacco manufacturer, could buy No. 3 Lorillard in a deal that could cost as much as $30 billion.

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