8 November, 2009
Reynolds in talks to buy Sweden's Niconovum-WSJ
NEW YORK, Nov 8 (Reuters) - Tobacco giant Reynolds American Inc (RAI.N). is in advanced talks to buy a Swedish maker of products that help people stop smoking, the Wall Street Journal reported on Sunday.
The paper said that Reynolds is near a deal to buy closely held Niconovum AB, and cited David Sweanor, a Canadian law professor and tobacco expert who it said was briefed on the deal, and another individual with knowledge of the matter.
Niconovum, based in Helsingborg, makes nicotine-replacement therapies such as Zonnic pouch and Zonnic gum, the paper said.
Reynolds was not immediately available for comment.
Source: http://www.reuters.com
Reynolds in talks to buy Sweden's Niconovum-WSJ Added: (08.11.2009)
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