In an amended S-3 filing, Loews Corporation announced the IPO terms for its Carolina Group tracking stock representing interests in Lorillard, a wholly owned subsidiary of Loews and a maker of menthol cigarettes (Newport). Loews plans to offer 31,275,000 Carolina Group shares at a range of $25-$28. Lead managers Salomon Smith Barney and Morgan Stanley are scheduled to price this deal on Thursday, January 31.
