Source: Richard Craver, WINSTON-SALEM JOURNAL, 1/31/17


A tobacco industry analyst is projecting a mid-August closing date for the proposed $49.4 billion sale of Reynolds American Inc. to British American Tobacco Plc. Reynolds’ board of directors announced Jan. 17 that it had accepted BAT’s second offer, in which BAT would acquire the 57.8 percent of Reynolds that it doesn’t already own.

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