Reynolds American Accepts BAT’s $49 Billion Bid

The courtship is over. Nearly four months after British American Tobacco (NYSEMKT: BTI) first offered to buy the nearly 58% of rival Reynolds American (NYSE: RAI) that it doesn’t already own, the two companies have agreed on a deal. For that stake, BAT will pay roughly $59.64 per Reynolds share — a 26% premium to the stock’s price on the day before the original offer was made. …read more

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