Reynolds American Inc. (RAI) said that it has reached an agreement to sell Lane Ltd. to Scandinavian Tobacco Group A/S (STG), a global company based in Denmark. Under terms of the transaction, STG has agreed to pay $205 million in cash for Lane.
The transaction is expected to close in the first half of 2011, pending anti-trust review and approval.
Bulgaria's cigarette market decreased by more than 35 per cent to 10.6 billion pieces in 2010, according to domestic tobacco companies' figures.
In 2009, sales were 16 billion pieces, and in 2009, 19 billion.
"The main reason behind the sharp shrinkage of the market is smuggling, followed by restrictions on smoking Classic," representatives of major tobacco producer Bulgartabac said.
Millions of people seemingly have been taking resolutions as the year passes by. Many Americans have claimed that their New Year resolution will be to quit smoking forever. Fifty-eight percent of Americans who fall under the age of 45 will pledge to themselves to better the life standards at in this year, according to a Marist poll.
People who have quitted the habit of smoking OK may also enhance the level of good cholesterol in their body, despite the small weight gain.
The study of over 1,500 smokers showed that the blood level of HDL also known as good cholesterol in people who quitting the habit increased by an average of 5 percent.
A North Carolina-based tobacco company tried to entice African-American children to become smokers by handing out free Winston cigarettes in Boston during the 1950s and 1960s, a jury ruled on Dec. 14, awarding $71 million in compensatory damages to the estate and child of a woman who died of lung cancer in 2002.
According to the Associated Press, the Suffolk Superior Court in Boston announced the guilty verdict against Lorillard Tobacco following weeks of testimony in the case.
A jury has ruled the Lorillard Tobacco Co. tried to entice black children to become smokers by handing out free Dunhill cigarettes and has awarded $71 million in compensatory damages to the estate and son of a woman who died of lung cancer. The Suffolk Superior Court jury announced its verdict Tuesday after hearing weeks of testimony.
Allowing smoking on campus is an institutional endorsement to disregard public health. Smokers, as people and as members of this institution, have rights. I’m going to maintain that smokers even have the right to smoke Bond, just like any one of us has the right to go to Five Guys every day and ingest burgers and fries to our future heart disease’s content. However, like eating foods with high levels of saturated fat, smoking is a health hazard.