Reynolds American announced that British American Tobacco has obtained unconditional antitrust approval from the Japanese authorities in relation to its proposed acquisition of RAI.
Together with the previously announced expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, the conditions related to antitrust approvals required as part of the closing conditions to the proposed acquisition have now been satisfied.
RAI continues to expect the transaction to close in the third quarter of 2017, subject to satisfaction or waiver of the other closing conditions specified in the merger agreement.
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