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By Kate Holton and Martinne Geller LONDON (Reuters) - U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger. Confirming what people familiar with the matter previously told Reuters, Imperial, known for the Gauloises and Davidoff brands, said it was in talks on a possible acquisition from the two U.S.-based companies that would expand its presence in what remains one of the world's largest and most profitable cigarette markets. A source familiar with the matter said Imperial was lining up about $7 billion to finance the potential purchase. Citing people familiar with the matter, Reuters also previously reported Reynolds and Lorillard were in advanced talks about a deal that would merge the No.2 and No.3 U.S. cigarette makers and would involve the divestment of some brands such as Kool and Salem to ease potential antitrust concerns.
Undefeated world welterweight champion Floyd Mayweather will fight Argentina's Marcos Maidana September 13 in Las Vegas in a rematch of a narrow May triumph, the US fighter announced Thursday. Mayweather, 46-0 with 26 knockouts, will defend the World Boxing Council and World Boxing Association titles against Maidana, 35-4 with 31 knockouts, as he did on May 3 by majority decision. Two judges scored Mayweather the winner by 116-112 and 117-111, while the other saw the fight a 114-114 draw. "Marcos Maidana is a tough customer and he gave me a fight that had me work for the victory," Mayweather said in a statement.
By Andrei Khalip and Laura Noonan LISBON/LONDON (Reuters) - Banco Espirito Santo steadied market jitters about its vulnerability to the troubled business empire of its founding family on Friday but investors are still in the dark about the size of any potential losses. Portugal's largest listed bank is at the center of a firestorm after concerns about its links to a web of companies controlled by the powerful Espirito Santo clan sparked a rout in global markets this week, prompting some European companies to pull fundraisings and reviving memories of the region's debt crisis. Under pressure to clarify its position and stop the situation spiraling out of control, BES released a statement in the early hours of Friday saying that it had exposures worth 1.15 billion euros and believed it had enough reserves to absorb any losses. BES said it had 2.1 billion euros in capital above minimum regulatory requirements as of March 31.