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Reynolds Agrees To $49 Billion Takeover By British American Tobacco

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Reynolds Agrees To $49 Billion Takeover By British American Tobacco

Reynolds Agrees To $49 Billion Takeover By British American Tobacco*/

– Reynolds American has agreed to be fully acquired by British American Tobacco, the cigarette companies said on Tuesday, in a $49 billion deal that will create a global tobacco powerhouse.The acquisition will bring brands like Camel, Lucky Strike, Newport, Kent and Pall Mall under the same umbrella and create the world’s largest publicly traded tobacco company by sales.British American Tobacco already owns a stake in Reynolds and had previously offered to pay $47 billion for the remaining 57.8% of the company.
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British American Tobacco to Take Over Reynolds American in $49 Billion Deal

British American Tobacco to Take Over Reynolds American in $49 Billion Deal*/

– PhotoLONDON — British American Tobacco said on Tuesday that its sweetened offer to buy the stake in Reynolds American that it did not already own had been accepted, a $49 billion deal that would create a tobacco giant with a significant presence around the world.The purchase would create the world’s largest publicly traded tobacco business, based on net sales, and it would combine companies with brands that include Camel, Lucky Strike, Newport and Pall Mall.It comes as the industry faces a shift toward so-called next-generation products, or N.G.P.s, such as e-cigarettes and vaping products.
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