Turning Point Brands Inc : Turning Point Brands to acquire Vaporbeast, a leading e-commerce platform . Says transaction is expected to be immediately accretive, pre-synergies .Says will acquire Smoke Free Technologies Inc. D/B/A Vaporbeast for total consideration of approximately $27 million.
British American Tobacco Plc : Reynolds American Inc - board forms transaction committee to evaluate proposal from British American Tobacco . Reynolds American Inc - in light of the evaluation of BAT’s proposal, RAI has cancelled its investor day scheduled for Nov. 14, 2016. . Reynolds American-committee retained Weil, Gotshal & Manges Llp and Moore & Van Allen Pllc as legal counsel, Goldman, Sachs & Co. as financial advisor .Reynolds American-in addition, RAI has retained Jones Day as legal counsel and J.P. Morgan Securities Llc and Lazard as financial advisors.
Essentra : Divestment of Porous Technologies business . Transaction values Porous Technologies at £220m, free of cash and debt . Of which c. £215m in cash and c. £5m in the form of a promissory note payable three years from completion .Sale is to Filtration Group, an affiliate of Madison Industries.