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Tobacco giant BAT buys out US firm Reynolds for $49.4bn

BAT will purchase the 57.8% of Reynolds American that it does not already own

AFP | PTI  |  London 

British American Tobacco agreed on Monday to pay almost $50 billion for control of US firm Reynolds American, creating the world's largest listed tobacco company. BAT will purchase the 57.8-per cent of Reynolds American that it does not already own, BAT said, unveiling an improved cash-and-shares offer after the US giant had rejected its previous $47-billion bid. The deal brings together a raft of global brands, including BAT products Lucky Strike, Rothmans and Kent, and Reynolds' brands such as Newport, Camel and Pall Mall. The combined company will have a strong foothold ...

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Tobacco giant BAT buys out US firm Reynolds for $49.4bn

BAT will purchase the 57.8% of Reynolds American that it does not already own

BAT will purchase the 57.8% of Reynolds American that it does not already own British American Tobacco agreed on Monday to pay almost $50 billion for control of US firm Reynolds American, creating the world's largest listed tobacco company. BAT will purchase the 57.8-per cent of Reynolds American that it does not already own, BAT said, unveiling an improved cash-and-shares offer after the US giant had rejected its previous $47-billion bid. The deal brings together a raft of global brands, including BAT products Lucky Strike, Rothmans and Kent, and Reynolds' brands such as Newport, Camel and Pall Mall. The combined company will have a strong foothold ... image
Business Standard
177 22

Tobacco giant BAT buys out US firm Reynolds for $49.4bn

BAT will purchase the 57.8% of Reynolds American that it does not already own

British American Tobacco agreed on Monday to pay almost $50 billion for control of US firm Reynolds American, creating the world's largest listed tobacco company. BAT will purchase the 57.8-per cent of Reynolds American that it does not already own, BAT said, unveiling an improved cash-and-shares offer after the US giant had rejected its previous $47-billion bid. The deal brings together a raft of global brands, including BAT products Lucky Strike, Rothmans and Kent, and Reynolds' brands such as Newport, Camel and Pall Mall. The combined company will have a strong foothold ...

image
Business Standard
177 22