Simpson Thacher Advises Independent Directors of Loews Corporation in Split-off of Lorillard, Inc.
Simpson Thacher is advising the independent directors of the board of directors of Loews Corporation in the approximately $13 billion split-off of Lorillard Inc., the tobacco company, from Loews. Loews is a diversified holding company that includes C.N.A. Financial, Bulova, Diamond Offshore Drilling, HighMount Exploration & Production, Lorillard and the Loews hotel chain.
The Simpson Thacher attorneys representing the independent directors of Loews on this matter are Mario Ponce and Rhett Van Syoc.