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(CSP) As Scandinavian Tobacco Group A/S (STG) awaits anti-trust approval on acquiring Lane Ltd. from Reynolds American Inc. (RAI), STG executive vice president, Christian Hother Sorensen, took time from his busy Denmark day to talk to Tobacco E-News about the company's plans. Under terms of the transaction, expected to close in the first half of 2011, STG has agreed to pay $205 million in cash for Tucker, Ga.-based Lane. The deal, Sorensen said, is beneficial for both companies. Continued
Photo: Library of Congress
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