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About 40 percent of French 17-year-olds smoke he said, versus 32 percent of the general public

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In 2016, menthols represented about half of Reynolds's $12.5 billion revenue." Should menthol cigarettes ultimately be banned in America, this deal will not only have been a major waste of capital, but it would leave the company saddled with debt that needs to be serviced by a much smaller cash flow stream than management expected