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The enlarged company will have annual revenue of more than $11 billion and operating income of about $5 billion, Reynolds said in the statement

Economic Fallout: Lost Revenue & Jobs The economic consequences of the PECA extend far beyond the creation of a black market

The companies said British American Tobacco PLC, which makes Kent and Dunhill cigarettes overseas, will maintain its 42 percent stake in Reynolds, and Lorillard shareholders will hold a 15 percent stake

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