Reynolds Reportedly Rejects British American’s Bid

It’s not going to change the ultimate outcome, as the two tobacco giants will undoubtedly merge eventually, but Reynolds-American (NYSE: RAI) has reportedly rejected British American Tobacco’s (NYSEMKT: BTI) $47 billion buyout bid. According to Bloomberg News, Reynolds is looking for a higher number. …read more

Read more here: Reynolds Reportedly Rejects British American’s Bid

Category: BTI, RAI

Leave a Reply

%d bloggers like this: