BAT Bids $47 Billion for Full Ownership of Reynolds American

  • Deal would create largest publicly traded tobacco company
  • Reynolds, the maker of Camel cigarettes, sees shares surge

Why BAT's Reynolds Bid Is a Big Deal for Big Tobacco

British American Tobacco Plc offered to pay $47 billion for full control of Reynolds American Inc., proposing a blockbuster trans-Atlantic deal that would create the world’s largest publicly traded tobacco company and put brands such as Lucky Strike and Camel under the same roof.

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