S&P Raises Outlook on Reynolds American (RAI) to Positive
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Reynolds American (RAI) Will Sell Int'l Natural American Spirit Brand Rights in $5B Deal
September 29, 2015 6:02 AM EDT(Updated - September 29, 2015 6:03 AM EDT)
Reynolds American Inc. (NYSE: RAI) announced that the international rights to the Natural American Spirit brand name and associated trademarks, along with the international companies that distribute and market the brand outside the U.S., will be sold to the Japan Tobacco Group of companies (JT Group) in an all-cash transaction with a value of approximately $5.0 billion.
The purchase does not include the rights to the Natural American Spirit brand name and associated trademarks in the U.S. market, U.S. duty-free... More
JT to buy Reynolds' Sante Fe unit, aims for deal this week: Nikkei
September 28, 2015 8:48 PM EDTTOKYO (Reuters) - Japan Tobacco Inc is in the final stages of talks to buy Reynolds American Inc's (NYSE: RAI) Sante Fe Natural Tobacco unit for about $5 billion, aiming to reach an agreement this week, the Nikkei business daily reported on Tuesday.
The potential deal, including the likely price, was first reported by Bloomberg last week, though... More
