Source: Danica Kirka, NEWS & OBSERVER, 10/21/16


British American Tobacco offered Friday to buy Reynolds American Inc. in a $47 billion cash-and-stock deal that would create the world's largest publicly traded tobacco company and bring together brands like Camel, Dunhill, and Newport.The logic of the deal, analysts say, is to make up for a decline in smoking in the firms' home markets of the U.S. and Britain as they look to developing countries and new products...

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