Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Lorillard, Inc. Stockholders

By Business Wire,  July 23, 2014, 01:56:00 PM EDT


NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP is investigating potential claims against Lorillard, Inc. ("Lorillard" or the "Company") (NYSE:LO) concerning the proposed acquisition of the Company by Reynolds American, Inc. ("Reynolds") (NYSE:RAI). Under the terms of the definitive merger agreement, Lorillard stockholders will receive $50.50 in cash and 0.2909 shares of Reynolds common stock for each share of Lorillard common stock they own, valuing the deal at approximately $27 billion.

The investigation concerns whether the Lorillard Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company's common stock.

If you are a Lorillard stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, or Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Source: Kirby McInerney LLP



This article appears in: News Headlines

Referenced Stocks: LO, RAI


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