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Category Computers
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Created 01-Feb-2018
Owner ninawu
Title British American Tobacco to Take Over Reynolds American in
Description Packs of cigarettes at the British American Tobacco factory in Bayreuth, Germany. A deal with Reynolds American would create the world's largest publicly traded tobacco business, based on net sales. Credit LONDON - British American Tobacco said on Tuesday that its sweetened offer to buy the stake in Reynolds American that it did not already own had been accepted, a $49 billion deal that would create a tobacco giant with a significant presence around the world. The purchase would create the world's largest publicly How Much Is A Carton Of Newports traded tobacco business, based on net sales, and it would combine companies with brands that include Camel, Lucky Strike, Newport and Pall Mall. business with direct access for our products across the most attractive markets in the world," Nicandro Durante, the British American Tobacco chief executive, said in a news Marlboro Menthol 100S release. "We believe this will drive continued, sustainable profit growth and returns for shareholders long into the future." The new company would have a strong share of the market in the Carton Of Marlboro Reds United States, as well as a major presence in Africa, Asia, the Middle East and South America, British American Tobacco said. The company added that it expected $400 million in annual savings by Cheap Marlboro Cigarettes the third year after the deal is completed. The boards of both companies will recommend that shareholders approve the transaction, the companies said. The deal is also subject to shareholder and regulatory approval. It is expected to close in the third quarter. The takeover agreement, which is subject to a $1 billion breakup fee, came about two and a half years after Reynolds agreed to acquire a smaller Buy Marlboro Cigarettes Online tobacco rival, Lorillard, for $27.4 billion. That deal was completed in 2015.
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