TOBACCO - MORE CONSOLIDATION - FT Alphaville saying REYNOLDS AMERICAN (RAI US) may buy LORILLARD (LO US) / QUICK TAKE
* The journalist suggests that Reynolds American may buy Lorillard for $22bln (implying a 24% premium)
* If confirmed, this news may fuel speculation for more M&A in Tobacco...watch Imperial Tobacco, Swedish Match...
* Our take for BAT: A bid by Reynolds on Lorillard would be 5-6% accretive to BATS.