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Tobacco

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Turning Point Brands to acquire Vaporbeast

Thursday, 17 Nov 2016 04:15pm EST

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.

Reynolds American board forms committee to evaluate proposal from British American Tobacco

Monday, 31 Oct 2016 04:49pm EDT

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 sells Porous Technologies to Filtration Group for 220 mln stg

Thursday, 25 Aug 2016 02:03am EDT

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.

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