Tobacco company Reynolds American completes sale of subsidiary Lane Ltd.

(RAI) Reynolds American Inc. (NYSE: RAI) announced today it has completed the sale of Lane, Limited, to Scandinavian Tobacco Group A/S (STG), a global company based in Denmark, for $205 million in cash, after receiving final anti-trust approval from the Federal Trade Commission. RAI had previously announced the sale of Lane, which manufactures a variety of tobacco products including Kite and Bugler roll-your-own tobacco, and Captain Black pipe tobacco, on January 14, 2011. Continued