Turning point brands and standard diversified announce merger transaction

Turning point brands and standard diversified inc. announce merger transaction.turning point brands - entered into agreement under which sdi will be merged into wholly-owned subsidiary of tpb in tax-free downstream merger.turning point - holders of sdi's common stock will receive tpb voting common stock at ratio of 0.97 of share of tpb common stock for each share held by sdi.
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