Loews Corp Launches Swap Offer In Lorillard Spinoff

marketwatch.com     09-May-2008          

Loews Corp. Friday said it launched an offer to swap about 38% of the shares of its Lorillard Inc. tobacco unit for Loews shares as it moves to spin off the maker of Newport and Kent cigarettes. Loews also said it will distribute the remaining 62% of Lorillard's shares on June 10 in redemption of... [read full story]                    


*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies