Cigarette maker Reynolds American said on Tuesday it had received antitrust approval from US regulators for its US$ 3.5 billion purchase of Conwood, the number 2 player in the smokeless tobacco industry.
Reynolds American said it was notified that the US Federal Trade Commission had granted early termination of the waiting period under the Hart-Scott-Rodino antitrust act. The company said in a statement that it still expects to close the acquisition in the second quarter. (pi)
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