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Headlines Tagged with Reynolds American 8,015 headlines found

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[Europe, UK] Brexit could create world's largest tobacco company

But without Brexit, the bid would likely not have been suggested. For multinationals like BAT that receive most of their profit in foreign currencies, the weak pound means business is booming. The ability to access cheap US credit reduces opportunity cos
Christian Science Monitor
added Oct 21, 2016 20:44
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Is Reynolds worth more than $47B? Here's what analysts say

However, some analysts project surprise with the timing of the $47 billion offer, as well as that it may not be high enough — even at a 20 percent stock premium — to win over Reynolds’ non-BAT appointee board members. The offer is valued at $56.50 a shar
Winston-Salem (NC) Journal
added Oct 21, 2016 18:07
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[UK] BAT shares soar over £38bn Reynolds mega-merger move

The news sent BAT shares soaring by more than 3.2%, making it one of the best performing stocks in the FTSE 100. BAT chief executive Nicandro Durante said: "We have been a shareholder in Reynolds since its creation in 2004 and have benefited from its gr
Shropshire Star (uk)
added Oct 21, 2016 16:36
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[Europe] Does BAT offer show UK on the prowl? Not so fast, say bankers

One factor in BAT’s favour, however, has been how the two cigarette giants’ share prices have moved since the Brexit vote. BAT’s shares have risen around 13%, while Reynolds’s have fallen roughly 7.5%. That, coupled with low interest rates influenced BAT
eFinancial News
added Oct 21, 2016 16:35
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British American Tobacco Offers to Buy Remaining Reynolds Stake for $47 Billion -- 5th Update

Reynolds is perhaps the best-placed tobacco company in the U.S., given that its brands such as Newport and Natural American Spirit are attractive to younger smokers... A merger would allow the companies to pool their research and development in tobacco al
NASDAQ
added Oct 21, 2016 16:28
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BAT-Reynolds: A Modest Premium For Modest Cost Savings

Given the limited scope for cost-cutting, BAT can’t afford to pay much more than a 20% premium for Reynolds American
The Wall Street Journal Interactive Edition
added Oct 21, 2016 16:25
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VIDEO: Why BAT's Reynolds Bid Is a Big Deal for Big Tobacco

a move that could open up a wave of M&A activity in the tobacco industry. Bloomberg Intelligence's Duncan Fox reports on
Bloomberg News
added Oct 21, 2016 16:17
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[North Carolina] British American Tobacco moves to buy all of Reynolds American in $47B deal

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. BAT said its manufacturing “would be enhanced by th
Winston-Salem (NC) Journal
added Oct 21, 2016 15:31
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Lex - BAT/Reynolds: gasp ($$)

Buying out its US associate will enhance BAT’s cash generation still further
Financial Times (uk)
added Oct 21, 2016 15:28
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[UK] FTSE 100 lifted by tobacco stocks

Shares in BAT itself were up 3.9% by midday, while rival Imperial Brands climbed 3.1%. BAT wants to buy the 57.8% of Reynolds it does not already own.
BBC Online
added Oct 21, 2016 15:27
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