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Headlines Tagged with Reynolds American 7,948 headlines found


[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

[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

[UK] Lucky Strike owner offers $47bn to buy out rival Reynolds ($$)

Regulatory rules in the United States have forced the maker of Lucky Strike cigarettes to announce the deal before the start of negotiations with Reynolds. “The proposed merger of our two great companies is the logical progression in our relationship an
Times Of London (uk)
added Oct 21, 2016 15:27

Reynolds open to deal with BAT but wants higher premium – sources

Reynolds American has informally told British American Tobacco that it is open to a deal with its rival cigarette manufacturer but it will need to offer a higher premium, according to people briefed about the negotiations. The maker of Camel cigarettes,
Financial Times (uk)
added Oct 21, 2016 15:26

[UK] The cigar-smoking, football-playing Brazilian behind Reynolds bid

Nicandro Durante, BAT’s chief executive, has doubled the company’s share price
Financial Times (uk)
added Oct 21, 2016 15:25

Reynolds American acknowledges receipt of non-binding proposal from British American Tobacco to acquire all remaining outstanding shares of RAI stock

The RAI board of directors, consistent with their fiduciary duties, will evaluate the offer from BAT and respond accordingly.
PR Newswire
added Oct 21, 2016 15:24

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

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
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