Source: Richard Craver, WINSTON-SALEM JOURNAL, 10/31/16


Reynolds American Inc.’s board of directors has chosen familiar legal and financial advisers to guide it through its review of British American Tobacco Plc’s nonbinding $47 billion offer. The board said in a statement Monday that its nine non-BAT affiliated board members have formed a transaction committee to review the Oct. 20 offer to buy the 57.2 percent of Reynolds stock that BAT does not already own.

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