Cigarette and Tobacco Manufacturing
This industry comprises establishments primarily engaged in (1) stemming and redrying tobacco and/or (2) manufacturing cigarettes or other tobacco products.
Reynolds American Inc. v. Third Motion Equities Master Fund Ltd.
In appraisal action involving merger of public (tobacco) company, court, guided by key Delaware court decisions, says deal price best reflects fair value and represents upper limit; contemporaneous valuations based on comparable companies, precedent transactions, and DCF support use of deal price.
North Carolina Court Says Deal Price Represents Upper Limit of Tobacco Company’s Fair Value
In appraisal action involving merger of public (tobacco) company, court, guided by key Delaware court decisions, says deal price best reflects fair value and represents upper limit; contemporaneous valuations based on comparable companies, precedent transactions, and DCF support use of deal price.
Antitrust Damages Established Using Regression Analysis
The U.S. Court of Appeals for the Sixth Circuit affirmed the jury’s award of damages for United States Tobacco Company’s (USTC) anticompetitive behavior based on sales Conwood would have made in the moist snuff market but for USTC’s behavior. The damages ...
Conwood Company, L.P. v. United States Tobacco Co.
The U.S. Court of Appeals for the Sixth Circuit affirmed the jury’s award of damages for United States Tobacco Company’s (USTC) anticompetitive behavior based on sales Conwood would have made in the moist snuff market but for USTC’s behavior.