BAT’s Bid for Reynolds May Spur Final Wave of Big Tobacco M&A

  • Japan Tobacco buying Imperial Brands is one potential deal
  • Reunion of Philip Morris and Altria also considered possible

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

British American Tobacco Plc’s plan to buy Reynolds American Inc. 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.

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