Akin Gump Reps Danish Co. In RJ Reynolds Tobacco Deal

Law360, New York (January 14, 2011, 3:09 PM EST) -- Reynolds American Inc., the parent company of R.J. Reynolds Tobacco Co., said Friday that it has agreed to sell its pipe tobacco subsidiary Lane Ltd. to Denmark-based Scandinavian Tobacco Group A/S for $205 million.

The sale to STG, which holds the number one position in international cigar sales, is expected to be complete during the first half of the year after it obtains antitrust clearance, the company said in a statement.

Tucker, Ga.-based Lane manufactures several tobacco products including Kite and Bugler roll-your-own tobacco and Captain...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.