One thing investors will be looking out for when Imperial Tobacco (IMT) announces results next week is an update on its US merger. The group’s shareholders approved the acquisition of a number of assets from US cigarette titan Reynolds American. The assets are being sold as part of Reynolds’ acquisition of Lorillard and include a portfolio of traditional cigarette brands and blu, a leading e-cigarette brand in the US. The acquisition is still subject to regulatory approval, which Imperial expects to receive imminently. If the deal goes ahead, Imperial would effectively triple its US market share.
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