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Headlines Tagged with Business (Tobacco) 59,586 headlines found


Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say

According to Fitch Ratings, the deal could result in net debt of £45 billion ($55 billion) for the merged entity. “This is massive,” said Giulio Lombardi, a consumer-goods analyst at Fitch Ratings. “The debt impact will not be small.”
Wall Street Journal Blogs
added Oct 21, 2016 15:23

Tobacco giant BAT targets US with $47bn Reynolds bid

"The main reason for the deal is for BAT to be in the United States," a company spokeswoman told AFP, noting that BAT did not have a direct presence there. She added that building on the popularity of e-cigarettes was also a "motivation" behind the deal
AFP - Agence France Presse (fr)
added Oct 21, 2016 15:19
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BAT’s Bid for Reynolds May Spur Final Wave of Big Tobacco M&A

could herald a final wave of industry consolidation as rivals will need to link up to compete with the world’s largest listed tobacco company. As the number of publicly traded big tobacco companies gets whittled down, only a few possible combinations rema
Bloomberg News
added Oct 21, 2016 15:18

BAT Bids $47 Billion for Full Ownership of Reynolds American

The move renews the merger frenzy of a fast-consolidating tobacco industry, where companies are fighting for market share and scrambling to develop alternatives to traditional cigarettes. For BAT, the idea is to get a bigger foothold in the U.S. and capi
Bloomberg News
added Oct 21, 2016 15:16

BAT Needs to Cough Up a Bit More for Reynolds

It's just what the world could do without: a bigger, more powerful cigarette company. But investors are cheering British American Tobacco's proposal to take over its U.S. partner Reynolds American. No wonder. The one group that stands to benefit from the
Bloomberg News
added Oct 21, 2016 15:15
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Who Are the Bankers Behind the British American Tobacco-Reynolds Deal?

Deutsche Bank and UBS are already corporate brokers to BAT. The cigarette giant has a long-running relationship with the two U.K.-based bankers at Centerview—Nick Reid and Hadleigh Beals—on the deal. The Centerview team also includes Blair Efron in the
The Wall Street Journal Interactive Edition
added Oct 21, 2016 15:14
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BAT-Reynolds: A Modest Premium For Modest Cost Savings

it isn’t easy making the math add up in mergers with no geographical overlap. Unless the two companies can find more potential cost savings, Reynolds shareholders won’t be able to extract a much higher price from the U.K. tobacco giant.
The Wall Street Journal Interactive Edition
added Oct 21, 2016 15:13

[Europe, UK] Brexit Fuels British American Tobacco’s Bid for Reynolds American

BAT’s decision to approach Reynolds’ board is in part a reaction to its rising stock price, the falling pound and cheap debt which has made it easier to finance the deal in the aftermath of the Brexit vote. The move comes as the year-over-year value of U
The Wall Street Journal Interactive Edition
added Oct 21, 2016 15:12
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Relationship bankers reign as BAT chases $47bn Reynolds deal

Bankers at Centerview Partners, Deutsche Bank and UBS are helping to drive a mammoth $47 billion transaction on behalf of the FTSE 100 group British American Tobacco.
eFinancial News
added Oct 21, 2016 15:09
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BAT heaps $47 bln of peer pressure on Reynolds

. As smoking gets passe, tobacco companies are racing to find what takes its place. Vaping, which Reynolds and BAT already collaborate in, is already giving way to gadgets that warm rather than burn tobacco. After that, who knows? The bigger the research
added Oct 21, 2016 15:07
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