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...
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