UPDATE 3-Reynolds, Lorillard confirm takeover talks – Reuters

Reuters
… * BAT expects to buy more Reynolds shares to keep current stake. * Lorillard market value is $22.9 bln. * Imperial lining up about $7 bln to buy some brands – source (Recasts with Reynolds, Lorillard confirmation). By Martinne Geller and Kate Holton.
Reynolds in Talks to Acquire Lorillard in Merger of Tobacco RivalsNew York Times
The logic behind Reynolds-Lorillard mergerFinancial Times
Reynolds American, Lorillard Confirm Merger TalksWall Street Journal
Telegraph.co.ukBloombergBusinessweek
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