BAT offers $47 billion for control of Reynolds

British American Tobacco announced last week that it had offered to buy out U.S. cigarette maker Reynolds American Inc in a US$47 billion takeover bid. BAT currently owns 42.2% of  Reynolds American Inc. The British company has now offered cash and stock worth $56.50 a share for the 57.8% of Reynolds it doesn’t already own. The offer represents […]

Imperial Tobacco completes US acquisition

Imperial Tobacco Group PLC announced last Friday, June 12, that it has completed the purchase of certain US cigarette and e-cigarette brands and assets previously owned by Reynolds and Lorillard, Inc., following the proposed acquisition of Lorillard by Reynolds. Imperial first announced the prosed acquisition back in July 2014. The assets have been acquired for […]

Travel Markets Insider © 2017