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Headlines Tagged with BAT 7,098 headlines found

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SEC FILINGS DETAILS 01/17/2017: 425 Filing of certain prospectuses and communications in connection with business combination transactions

Key terms of the transaction The transaction will be effected through a US statutory merger in which Reynolds shareholders, other than BAT, will receive $29.44 in cash and 0.5260 BAT ordinary shares which shall be represented by BAT ADRs listed on the N
Reynolds American (RAI)
added Jan 17, 2017 22:09
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BAT agrees to buy Reynolds for $49 billion

The deal, which values the whole of Reynolds at around $86 billion, will mark the return of BAT to the lucrative and highly regulated U.S. market..."The sheer scale of the enlarged BAT raises the pressure on the remaining players to bulk up too, and atte
Reuters
added Jan 17, 2017 22:06
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Reynolds American Announces Entry into Merger Agreement With British American Tobacco

Acquisition Will Create Stronger, Truly Global Tobacco Company with Strong Portfolio of Iconic Brands and Next-Generation Products Combined Company to Benefit from Strong Growth Dynamics and Leading Presence in Key Markets
PR Newswire
added Jan 17, 2017 22:06
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Fitch: Higher Reynolds Bid Points to Two-Notch Downgrade for BAT

The increased price and cash component of British American Tobacco's (BAT) revised deal to acquire full control of Reynolds American will result in higher leverage than under the original proposal, Fitch Ratings says. It also means a two-notch downgrade i
Reuters
added Jan 17, 2017 22:05
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British American Tobacco to Take Over Reynolds American in $49 Billion Deal

Three Reynolds directors would join the British American Tobacco board after the deal closes. The transaction would be the latest shake-up in the global tobacco industry, which saw its biggest upheaval in years with the Reynolds American-Lorillard deal
New York Times
added Jan 17, 2017 22:05
2 Views

Tobacco giant to emerge from $49 billion deal

"This is a big move, that makes a lot of sense for BAT," said Steve Clayton, a fund manager for financial services firm Hargreaves Lansdown. "They already had billions tied up in Reynolds, now they will have billions more, but with full control of the co
AP - Associated Press
added Jan 17, 2017 22:05
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[North Carolina] Winston-Salem civic, elected officials express confidence in minimal impact from Reynolds sale

expressed confidence Tuesday in Reynolds' local future after hearing BAT has reaffirmed its commitment to "business as usual" with the headquarters and manufacturing production in Forsyth County. “We look forward to continuing to work with Reynolds to ma
Winston-Salem (NC) Journal
added Jan 17, 2017 19:38
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[North Carolina] Reynolds board agrees to accept $49.4 billion offer from British American Tobacco

Though the BAT statement did not say how Reynolds would function under BAT ownership, it is likely to be an American-based subsidiary based in Winston-Salem similar to how Brown and Williamson operated. Susan Cameron, who returned as Reynolds’ executive
Winston-Salem (NC) Journal
added Jan 17, 2017 19:38
55 Views

[Florida] People Can Still Sue Tobacco Companies Over Health

It will also create the biggest target for more lawsuits related to the harmful effects of tobacco use...But fear of lawsuits...has taken a backseat to fears of being left behind in the consolidation of the tobacco business. Higher taxes, more public educ
24/7 Wall Street
added Jan 17, 2017 19:16
10 Views

British American's Acquisition Of Reynolds Makes It Jefferies' Preferred Global Tobacco Play

The note was written ahead of the deal announced by the companies, on the assumption that the deal would come through. After British American Tobacco sweetened its bid for buying the 57.8 percent stake it does not already own in Reynolds American, the co
Benzinga.com
added Jan 17, 2017 18:58
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