American Tobacco Company
The abbreviation for American Tobacco Company is ATC. The ATC is a Delaware corporation, whose principal place of business is located at 6 Stamford Forum, Stamford, CT 06904 (D.B., complaint, 4/94). Registered agent is U.S. Corporation Company, 32 Lockerman Square, Suite L-100, Dover, DE, 19901 (D.B., complaint, 4/94). The ATC is a wholly-owned subsidiary of ABI. (May 1994) (WSJ 4/14/94; Castano ATC List of Affiliations 5/24/94; Nast SFI). The ATC was sold by ABI to BAT Ind. 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 and sale of cigarettes, BAT has latitude to reexamine the deal (DJ 6/27/94). The ATC was founded by Buck Duke circa 1888 (WSJ 4/14/94). ATC was dissolved in May 1911 by order of the Supreme Court, to be succeeded by four large firms: Liggett & Myers, Reynolds, Lorillard, and ATC (E. Whelan 1984). ATC heirs had moved a college to Durham, NC, and renamed it Duke University (Barbarians 1990). The ATC became ABI in 1969 (White, Merchants 1988). ATC closed its last plant in Durham; NC in 1987, and transferred operations to Reidsville, NC 61 miles away (WSJ 4/14/94). ATC has six subsidiaries (May 1994): ACC; ATC (a Nevada corporation); ATC of the Orient, Inc.; ATC Foreign Sales Corp.; Golden Belt Manufacturing Co.; and Golden Belt Manufacturing (Canada), Ltd. Each of the companies is wholly-owned by ATC, directly or through one of the other companies listed (Castano ATC List of Affiliations 5/24/94). The ATC is represented in the Castano case by Sessions & Fishman, New Orleans, La. and Chadbourne & Park, New York, NY. The ATC is the manufacturer, advertiser, and seller of American; Barkeley/; Bull Durham; Carlton (US); Iceberg; Lucky Strike (US, from 1916 to present); Malibu; Misty; Montclair (US); Newport; Pall Mall (US, from 1907 to present); Prime (1993); Private Stock (1993); Riviera (? to present); Silk Cut; Silva Thins; Sobrania; Summit (1993); and Tareyton (US) cigarettes in the U.S. (Allman complaint; Merchants 1988; Riviera pack 1994; SN 5/31/93).