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BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal
October 21, 2016 by elegant · Leave a Comment
British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated U.S. market after a 12-year absence, making …
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BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal