Reynolds in talks to buy Sweden's Niconovum-WSJ

Sun Nov 8, 2009 7:09pm EST
 
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NEW YORK, Nov 8 (Reuters) - Tobacco giant Reynolds American Inc (RAI.N). 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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