The Wall Street Journal is reporting online Monday that the second-largest U.S. tobacco company is eyeing Niconovum AB, which sells such nicotine-replacement products as gum and spray outside the U.S.
David Sweanor, a Canadian law professor and tobacco expert, said he was briefed by people close to the talks and the deal could be worth $44.5 million, according to the report.
Karl Olov Fagerstrom, an expert on smoking cessation and nicotine dependence, formed the company in 2000, according to its Web site.
This story continues below
Sweanor and Niconovum did not immediately return calls seeking comment.
Reynolds American spokesman David Howard declined to comment, calling the report speculation.
Home
Business and Finance





SEE THE LATEST ON THIS STORY