1. B.A.T said recently it planned to sell the discount brands to Commonwealth Brands Inc. to satisfy the terms of an earlier FTC settlement. 2. B.A.T, however, decided to sell the discount brands to Lorillard. 3. B.A.T originally proposed to sell only the six discount brands to Lorillard, a unit of Loews Corp. 4. A better move, analysts said, is introducing a discount brand or two to go head-to-head with lower-priced labels. 5. Brooke said it would be a better buyer because three-fourths of shipments come from discount brands. 6. Cash flow from the Tareyton brand, Aronin said, is needed for any buyer to have a realistic chance of keeping the discount brands competitive. 7. Federal regulators said the acquisition of American Tobacco would hurt competition and raise consumer prices, particularly for low-priced discount cigarette brands. 8. Had the companies never introduced discount brands, and then raised premium brands by the amounts they actually did, the reported inflation rate would have been lower. 9. Regulators said the acquisition of American Tobacco would hurt competition and raise consumer prices, particularly for low-priced discount cigarette brands. 10. Some years ago, tobacco companies introduced discount brands, at about two-thirds the price of regular brands. |