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$50B takeover to create world’s biggest tobacco company


British American Tobacco has agreed on a $49.4 billion takeover of US rival Reynolds American, creating the world’s biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it...
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Source: New York Post


16:23, January 17, 2017 Reuters

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