Reynolds American will sell its roll-your-own and pipe tobacco unit for $205 million, The Wall Street Journal reports. The parent of several tobacco companies will sell its Lane subsidiary for $205 million in cash to Danish company, Scandinavian Tobacco Group. The transaction is expected to add 4% a share to Reynolds American’s annual profit close in the first half of 2011, adds Automated Trader. Under the deal, the buyer will take over Lane’s facilities and expects to continue to operate them.
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