Betaville

FT Alphaville lights up Reynolds Lorrilard $50bn merger story

Hat tip to the boys over at FT Alphaville for breaking the Reynolds American bid for Lorrilard story on Markets Live this morning.

I myself had been working on this story but FT Alphaville has (somewhat irritatingly) beaten me to the punch - and credit where credit is due.

I understand the thrust of their story is correct. Reynolds, in which FTSE 100-listed British American Tobacco has a 42pc stake, has been working with bankers from Lazard on its potential bid for Lorrilard...