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Japan Tobacco completes acquisition of Logic Technology Development

Tuesday, 28 Jul 2015 02:00am EDT

Japan Tobacco Inc:Says it has acquired U.S.-based company Logic Technology Development LLC.Plan disclosed on April 30.

Gilla Inc closes acquisition of online E-Liquid retailer

Wednesday, 15 Jul 2015 07:00am EDT

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 closes acquisition of E-Liquid Manufacturer

Wednesday, 1 Jul 2015 02:26pm EDT

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 completes acquisition of Lorillard and related divestitures

Friday, 12 Jun 2015 08:27am EDT

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 amends LOI to acquire E-Liquid Manufacturer

Tuesday, 9 Jun 2015 07:00am EDT

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 proceeding with acquisition of Lorillard Inc; closing date June 12

Monday, 8 Jun 2015 11:39am EDT

Reynolds American Inc:Says Reynolds American to acquire Lorillard on June 12, 2015.

British American Tobacco PLC announces acquisition

Monday, 1 Jun 2015 03:00am EDT

British American Tobacco PLC:Has signed an agreement to acquire TDR d.o.o. and other tobacco and retail assets (TDR) from Adris Grupa d.d. (Adris) for total enterprise value of 550 mln Euros.By combining its existing business in region together with TDR, BAT expects to benefit from highly skilled people, well established brands, enhanced regional leaf processing capabilities.And local high quality factory and print facility and strong relationships with distributors and retailers in these markets.As part of transaction BAT has committed to keeping TDR's manufacturing facility in Kanfanar, Croatia operational for at least five years following completion of acquisition.

Japan Tobacco Inc to acquire Logic Technology Development LLC (Logic)

Thursday, 30 Apr 2015 02:15am EDT

Japan Tobacco Inc:Entered into an agreement to acquire Logic Technology Development LLC (Logic).Executive management team of Logic will remain with JT Group post-acquisition in order to benefit from their extensive knowledge and experience of the US e-cigarette market.Transaction will be funded by Group's existing cash and loan facilities, with an expected minor effect on the Group's consolidated performance for fiscal year 2015.Expects to complete acquisition in Q3 fiscal year 2015 following regulatory clearance.

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