Reynolds American Shares Tick Higher on Japan Tobacco Deal Report

Source from:  Market Watch 09/25/2015

Reynolds American Inc. RAI, -1.93% ticked slightly higher in the extended session Thursday following a report that Japan Tobacco Inc. 2914, +3.08% was in talks to buy assets worth about $5 billion from the Winston-Salem, N.C.-based tobacco company.

Reynolds American shares rose 1% to $42.54 in after-hours activity. Bloomberg News reported that Japan Tobacco was looking to acquire such Reynolds assets as the Natural American Spirit tobacco brand, according to people familiar with the talks. Enditem