Merger in which BAT buys 58% of shares it does not already own would create world’s biggest tobacco company by revenue and profit
British American Tobacco has offered to pay $47bn (£38bn) to take full control of Reynolds American in a deal that would create the world’s biggest tobacco company by revenue and profit.
BAT already owns 42.2% of Reynolds and is offering to buy the remaining shares in the company, which traces its roots back to before the American war of independence.
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2dTFsox
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