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American Brands, Inc.

Defense

The abbreviation for American Brands, Inc. is ABI. It is Delaware corporation whose principal place of business is located at 6 Stamford Forum, Stamford, CT 06904 (D. B., complaint, 4/94). ABI's stock symbol is AMB (DJ 7/26/94). Registered agent is U.S. Corporation Company, 32 Lockerman Square, Suite L-100, Dover, DE, 19901 (D.B., complaint, 4/94). Address, (1994): 1700 E. Putnam Ave., Old Greenwich, CT 06870; telephone: (203) 698-5000 (Value Line 5/20/94). ABI is the parent corporation of or the successor in interest to the American Tobacco Company (ATC) (D.B., complaint, 4/94). The ATC became American Brands (ABI) in 1969 (L. White, Merchants 1988). ABI sold the ATC to BAT Ind. PLC for $1 billion, announced April 26, 1994; ATC has about 7% of the American cigarette market (1994) (Clarion-Ledger/AP 4/27/94). The agreement between ABI and BAT Ind. PLC (for the sale of the ATC) has a "material adverse change clause'; if the FDA regulated cigarettes and if there were any material change of the distribution land sale of cigarettes, BAT has latitude to reexamine the deal (DJ 6/27/94). Gallaher Tobacco Ltd. is a unit/subsidiary of ABI (1994) (Reuters 5/13/94; Value Line 5/20/94). ABI owns Gallaher Limited, through which it markets tobacco products, primarily in the United Kingdom, (5/94) (Nast SFI 5/94). ABI and the ATC keep separate accounting records and bank accounts, file separate tax returns, and are independently managed (M. Lyon Aff. 6/2/94).