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News express: V for Victory

UK e-cigarette company Vapestick has been sold to US company Victory in a deal worth $70bn for its founders Michael Clapper and Michiel Carmel.

UK e-cigarette company Vapestick has been sold to US company Victory in a deal worth $70bn for its founders Michael Clapper and Michiel Carmel. The deal will, Victory said, act as a springboard for its move into the UK and Europe. It will be paid in cash and shares.

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