Pobis TNC Co Ltd:To acquire 100 pct stake in TECHGROUP, which is mainly engaged in public exclusive distributor.Transaction price of 7,445 mln won.Expected transaction settlement date of Aug. 19.
Japan Tobacco Inc:Says it has acquired U.S.-based company Logic Technology Development LLC.Plan disclosed on April 30.
Gilla Inc:Says that it has acquired all of the issued and outstanding shares of E-liq World, LLC. an E-liquid subscription based online retailer operating the website.
Gilla Inc:Closed its acquisition of all of the issued and outstanding shares of E Liquid Wholesale, Inc for $1.125 million.Company paid to the vendors $225,000 in cash and issued three tranches of promissory notes, each having a face value of $300,000 and due 4, 9 and 18 months from the closing date.Cash portion of the Purchase Price was financed through a secured promissory note for CDN$300,000 issued to an existing institutional investor of the Company.
Reynolds American Inc:Completed its acquisition of Lorillard, Inc. and related divestiture transactions.Says as a result of the acquisition, Lorillard is a wholly owned subsidiary of RAI, and former Lorillard shareholders will own approximately 15 percent of RAI's common stock.In related divestiture transactions, subsidiaries of RAI have sold the KOOL, Salem, Winston, Maverick and blu eCigs brands, and other assets and liabilities, to ITG Brands, LLC, a subsidiary of Imperial Tobacco Group, PLC, for total consideration of approximately $7.1 billion in cash.Additionally, British American Tobacco p.l.c. maintained its approximately 42 percent ownership in RAI through an equity investment of approximately $4.7 billion.
Gilla Inc:Further to its news release of March 23, it has signed amendments to its letter of intent to acquire all of the issued and outstanding shares of a Florida based e-liquids manufacturer.Pursuant to the LOI amendment, the company is to pay to the vendors $1.2 mln in total consideration as a combination of cash and promissory notes.On closing, the Company would pay to the vendors $300,000 in cash and issue three tranches of promissory notes, each tranche having a face value of $300,000 and due 4, 9 and 18 months from the closing date.
Reynolds American Inc:Says Reynolds American to acquire Lorillard on June 12, 2015.