New York, July 15, 2014 -- Moody's Investors Service ("Moody's") today placed Lorillard Tobacco Company's ("Lorillard") Baa2 senior unsecured ratings on review for downgrade following its announcement it had signed a definitive agreement to be acquired by Reynolds American, Inc for approximately $27.4 billion, including the assumption of net debt. Closing is subject to standard regulatory approvals.
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