Feb. 26 (Bloomberg) -- Paul Adams, chief executive officer of British American Tobacco Plc, talks to Bloomberg's Betty Liu and Deirdre Bolton about the climate for acquisitions.

Adams, speaking from London, also discusses the the impact of Eastern European currency declines on cigarette smuggling and the outlook for price increases. (Source: Bloomberg)

00:00 Outlook for price increases globally
01:29 Impact of currency declines on smuggling
02:37 Effects of privatization and tax increases
03:36 Climate for takeovers; pricing in U.S. market

Running time 05:46

Last Updated: February 26, 2009 12:22 EST