America's second and third-largest tobacco companies have announced the terms of a potential merger. Reynolds American Inc. will buy Lorillard for $27.4 billion. The Newport cigarette brand will follow Lorillard to Reynolds, where it will join Camel and Pall Mall, and VUSE (Reynold's e-cigarette brand).
Reynolds is based in Winston Salem, NC. Lorillard is located in Greensboro.