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British American Tobacco To Buy Camel Cigarette Maker Reynolds For $49 Billion
Takeover will make British American Tobacco world's biggest tobacco firm The deal values the whole of Reynolds at around $86 billion Reynolds is the maker of Camel and Newport cigarettes
17 Jan 2017, 05:23 PM IST 
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The takeover could create the world's biggest listed tobacco company.
London: British American Tobacco has agreed a $49.4 billion takeover of US rival Reynolds American Inc, creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion.
BAT, which already owned 42 per cent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 per cent premium over the price of the stock on October 20, the day before BAT's fir...
