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New Deal


Announced

Japan Tobacco to acquire Natural American Spirit non-US operations from Reynolds American for $5bn.

Financials

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Transaction Value£4,050m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Majority

Private

United States

tobacco products

Personal Products

Pending

Friendly

Single Bidder

Cross Border

Synopsis

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Japan Tobacco, a Japanese diversified tobacco company, agreed to acquire Natural American Spirit non-US operations from Reynolds American, an American tobacco company, for $5bn. “We believe this sale once again demonstrates our commitment to creating value for our shareholders,” Susan M. Cameron, Reynolds American President and Chief Executive.

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