GREENSBORO, N.C., Aug. 12 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO) announced today that its Board of Directors has elected Murray S. Kessler as President and Chief Executive Officer, effective September 13, 2010, succeeding Martin L.

STAMFORD, Conn., Dec. 4 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST) announced that earlier today, during a special shareholder meeting held in New York, a majority of its shares were voted to approve the company's acquisition by Altria Group, Inc.

By Anonymous The Deal: Altria Group announced that it has reached an agreement to acquire UST Inc. for $69 per share, or about $10.2 billion. The deal price represents a premium of nearly 28 percent over UST's share price prior to the deal announcement.

By David Jones and Veronica Ek Swedish Match, the last independent smokeless tobacco group, may attract a bid from a cigarette maker after Altria's bid for UST is set to make the U.S. market more competitive.

With Americans smoking less, the nation's top cigarette maker is planning to go smokeless in a big way.