Reynolds Sees Lorillard Deal Closing in June After FTC’s Nod

Reynolds American Inc. expects to complete its $27.4 billion purchase of Lorillard Inc. next month, following approval from antitrust officials of the U.S. biggest tobacco deal in decades.

Reynolds, the maker of Camel and Pall Mall cigarettes, was cleared to buy its rival Tuesday after the Federal Trade Commission accepted its proposal to sell Winston, Kool, Salem and Maverick to Imperial Tobacco Group Plc, a British company that is expanding in the U.S. The last significant hurdle to close the transaction is approval from a federal district court.