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Reynolds in talks to buy Sweden's Niconovum-WSJ

Mon Nov 9, 2009 5:39am IST
 
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NEW YORK, Nov 8 (Reuters) - Tobacco giant Reynolds American Inc (RAI.N: Quote, Profile, Research). 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.

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