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MIKALJAMES

10/25/16 6:07 PM

#85227 RE: MIKALJAMES #85226

A BAT deal with Reynolds adds to Big Tobacco's e-cig advantage

Electronic cigarettes and other alternatives to smoking are seen as the future of a tobacco industry whose sales are shrinking in Western markets as more people give up the deadly habit.



"We're going to have a huge contraction of the vaping market with most of the market share going to the tobacco companies," said Dr. Michael Siegel



http://uk.reuters.com/article/us-reynolds-amricn-m-a-vape-analysis-idUKKCN12P2YW