Reynolds Agrees to Pay $3.5 Billion for Conwood
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From the Associated Press
Reynolds American Inc. vaulted into the smokeless-tobacco market by agreeing to pay $3.5 billion for the maker of Kodiak snuff and Levi Garrett chewing tobacco.
The company behind Camel and Kool cigarettes is buying Memphis, Tenn.-based Conwood, owned by the holding company for Chicago’s Pritzker family.
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