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Read More »Smokeless Manuever: Reynolds to Acquire Conwood
NEW YORK – Reynolds American Inc. (RAI) on Tuesday agreed to acquire privately held Conwood for $3.5 billion, expanding the second biggest U.S. cigarette maker’s reach into the smokeless-tobacco market. Conwood, which makes Kodiak snuff and Levi Garrett chewing tobacco, had 2005 sales of more than $450 million and operating …
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