Reynolds in talks to buy Sweden's Niconovum-WSJ
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.
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
