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The proposed merger of our two great companies is the logistical progression of our relationship and offers all shareholders a stake in a stronger, truly global tobacco and next generation products company. The proposal, which awaits approval from Reynolds board of directors, is expected to generate cost savings of $400m a year and will allow both companies to diversify their sources of profit growth

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Action came on a motion by Councilor Stevermer, seconded by Gary Windschitl