Bat offers buy u s tobacco firm reynolds 47 billion deal
A big deal!
You're referring to the recent news that British American Tobacco (BAT) has made a bid to acquire Reynolds American, a leading US tobacco company, for approximately $47 billion.
Here are the details:
- British American Tobacco (BAT) has offered to acquire Reynolds American, the parent company of R.J. Reynolds Tobacco Company, for $56.50 per share in cash and stock.
- The deal values Reynolds American at around $47 billion, making it one of the largest acquisitions in the tobacco industry.
- The offer is a 27% premium over Reynolds American's closing price on Friday.
- The deal would create a global tobacco giant with a combined market value of over $200 billion.
- The acquisition would give BAT a stronger presence in the US market, where Reynolds American is a leading player.
The deal is subject to regulatory approval and is expected to close in the second half of 2017.
It's worth noting that the tobacco industry has been consolidating in recent years, with several major players looking to expand their global reach and reduce costs through mergers and acquisitions.