$RAI said its R.J. Reynolds Tobacco Co. (RJRT) subsidiary has submitted Modified Risk Tobacco Product (MRTP) applications to the U.S. Food and Drug Administration (FDA) covering six styles of Camel Snus, its premium pouched, smokeless tobacco product introduced in 2006 and marketed nationwide.

$RAI's shareholders approved three proposals related to $BTI's proposed acquisition of $RAI, including adjournment of the special meeting, plan of merger and compensation payments. The transaction is expected to close on or about July 25, 2017.

In the event of the acquisition of $RAI by British American Tobacco plc, the majority of $RAI and its subsidiaries’ senior executives will remain with the $RAI companies but Andrew D. Gilchrist, EVP & CFO of $RAI, Cressida Lozano, EVP, Consumer Marketing, RJRT and J. Brice O’Brien, EVP of Public Affairs & Chief Communications Officer will resign.

The proposed acquisition of $RAI by British American Tobacco plc (BAT) is subject to shareholder approvals at both companies and is expected to close in 3Q17. Debra A. Crew will remain as President and CEO of $RAI. Should the acquisition be successfully completed, she will report to Nicandro Durante, President and CEO of BAT.

$RAI BoD elected Susan Cameron as non-executive chairman, effective May 1, 2017. Cameron has served as its executive chairman since Jan. 1, 2017, after retiring as its president and CEO.

The BoD of $RAI declared a quarterly cash dividend on its common stock of $0.51 per share. The dividend will be payable on July 3, 2017, to shareholders as on June 12, 2017.

$RAI said British American Tobacco has obtained unconditional antitrust approval from the Japanese authorities in relation to its proposed acquisition of $RAI. The company continues to expect the transaction to close in 3Q17.

$RAI said its R.J. Reynolds Tobacco Co. (RJRT) subsidiary has submitted Modified Risk Tobacco Product (MRTP) applications to the U.S. Food and Drug Administration (FDA) covering six styles of Camel Snus, its premium pouched, smokeless tobacco product introduced in 2006 and marketed nationwide.

$RAI and British American Tobacco p.l.c. (BAT) said the U.S. Antitrust waiting period relating to BAT's proposed acquisition of $RAI has expired. The expiration of the waiting period satisfies the transaction closing condition related to U.S. antitrust approval. Both companies still expect deal to close in 3Q17.

$RAI agreed with British American Tobacco (BAT) whereby BAT will buy the 57.8% of $RAI common stock that BAT does not currently own for $29.44 per share in cash and a number of BAT American Depository Shares representing 0.5260 of a BAT ordinary share. The transaction is expected to close in 3Q17.

$RAI said Thomas C. Wajnert will retire as a member of the board and as non-executive chairman, effective Dec. 31, 2016. Susan M. Cameron, currently President & CEO, will become executive chairman on Jan. 1, 2017. Lionel L. Nowell, III has been elected lead director, effective Jan. 1, when Ms. Cameron assumes the role of executive chairman.

$RAI's BoD declared a quarterly cash dividend on the company’s common stock of $0.46 per share or $1.84 per share annualized. The dividend will be payable on Jan. 3, 2017, to shareholders of record on Dec. 12, 2016.

$RAI said its new wholly-owned subsidiary, RAI Trade Marketing Services Co. (RAI TMS), will begin operations effective Jan. 1, 2017. RAI TMS will facilitate sales, distribution and retail/wholesale strategy execution for R.J. Reynolds Tobacco Co., American Snuff Co., Santa FE Natural Tobacco Co., and R.J. Reynolds Vapor Co. brands.

$RAI has acknowledged that it has received a non-binding proposal from British American Tobacco p.l.c. (BAT) to purchase the approx. 58% of its common stock that BAT does not currently own.

$RAI named Debra Crew, the current President and COO of $RAI's subsidiary R.J. Reynolds Tobacco Company, as President and CEO-elect of $RAI. She will succeed Susan Cameron as President and CEO of the company from Jan. 1, 2017. Joseph Fragnito has been appointed as R.J. Reynolds Tobacco Company's President and COO with effect from Oct. 24, 2016.

Cigarette maker $RAI said that as per the BoD's leadership succession plan, Susan Cameron, currently $RAI's president and CEO, will become Executive Chairman of the BoD on Jan. 1, 2017. She will serve as Executive Chairman until May 2017.

$RAI has tightened its 2016 adjusted EPS guidance range to $2.27-2.33, representing growth of 14.6-17.7% over last year's adjusted EPS of $1.98.