LONDON, Oct 21 (Reuters) – British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world’s biggest listed tobacco company.The British group, which has a 42 percent stake in Reynolds, said its offer valued the company’s shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares, representing a premium of 20 percent over the closing price of Reynolds stock on Thursday.The total price for the remaining 57.8 percent of Reynolds would be $47 …read more
Source: The Huffington Post
