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Lorillard,Inc. (LO)



LORILLARD INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Lorillard, Inc. (LO) Board of Directors in Connection With the Proposed Sale of the Company to Reynolds American Inc.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lorillard, Inc. (“Lorillard” or the “Company”) (NYSE: LO) for potential breaches of fiduciary duties in connection with the sale of the Company to Reynolds American Inc. (NYSE: RAI) for approximately $27.4 billion.  The Company’s stockholders will only receive $50.50 cash and 0.2909 shares of Reynolds American common stock for each share of Lorillard common stock they own.  This consideration only values Lorillard at approximately $68.88 per share.

The investigation focuses on whether Lorillard’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Lorillard’s shareholders.

If you own common stock in Lorillard and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 07/15/2014

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