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WINSTON-SALEM, N.C. – Reynolds American Inc. (RAI) said that it has reached an agreement to sell Lane Ltd. to Scandinavian Tobacco Group A/S (STG),[link widoczny dla zalogowanych], 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.
Lane, based in Tucker, Ga., is a wholly owned subsidiary of RAI. Another RAI subsidiary,[link widoczny dla zalogowanych], R.J. Reynolds Tobacco Co.,wholesale marlboro cigarettes, handles Lane’s sales,[link widoczny dla zalogowanych], marketing and distribution through a services agreement. Lane manufactures a variety of tobacco products including Kite and Bugler roll-your-own (RYO) tobacco, and Captain Black pipe tobacco.
STG is a leading seller of pipe tobacco and cigars and has a strong position within RYO in Scandinavia.[link widoczny dla zalogowanych].
“It’s only about 50 feet away from us,” Grannan said. “I don’t think it’s the healthiest thing, especially in an area most frequented by young people. It’s interesting because Eugene has worked so hard to eliminate smoking in work places — and going from a vegetarian restaurant to a hookah lounge is a bit of a change.”
Stephanie Young-Peterson, tobacco prevention coordinator for Lane County, says the proliferation of hookah bars and lounges happens because of a loophole in Oregon’s smoke-free workplace law. “These places are using the ‘smoke shop exemption’ in order to become certified to allow smoking on their premises,wholesale marlboro red cigarettes,[link widoczny dla zalogowanych],” Young-Peterson said. “The exemption says that if 75 percent of the gross revenue of the business comes from the sale of tobacco products and smoking instruments,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], smoking inside the building can be allowed.”
For example, at this point R&J Hookah Lounge can allow smoking only outside — and more than 10 feet away from entrances, exits, windows and air vents as required by law — because it hasn’t received certification from the state yet on the gross revenue provision, she said.
Other requirements imposed on smoke shops by state law include prohibiting entry to people younger than 18, posting signs at every entrance and exit stating that smoking occurs somewhere on the premises, not allowing lottery or other social games or betting, not selling alcoholic beverages and being a stand-alone business not attached to any other buildings.
Let’s turn the Akosombo Dam into a national Aquarium for Dolphins .The Parliament House can be turned into a learning center to teach tolerance and brainstorming techniques— since our universities are not meeting our everyday needs anymore maybe we should turn them into centers to test all our politicians and policy makers to measure their empathy, competency ,patriotism and ability to have a vision for the nation.
As to the Motor Way, I’m thinking of turning it into a skating ring. The nation can surely use that to get rid of the obesity epidemic that will permeate our population in the near future. Let’s get rid of the toll booths because they don’t contribute anything to the national development.
Oh, I almost forgot the Nsawam Prison. Why don’t we open the door widely and let the prisoners out and use it as a museum of the hard core corrupt politicians?[link widoczny dla zalogowanych].
As for the Presidential jet I was against it adamantly from day one. I didn’t see the need then, and I don’t see the need now—-‘It is ahead of its time’. Buying two Presidential jets when an entire generation’s future is at stake wasn’t a smart move .However, I’m figuring out what we’re going to do with it.