Source: TRIAD BUSINESS JOURNAL, 11/15/16


Winston-Salem-based Reynolds American Inc. has rejected a $47 billion deal to be acquired by British American Tobacco, its largest shareholder, saying the price is too low, according to an Bloomberg article.Reynolds officials (NYSE: RAI) declined to comment this morning on the deal, saying the company does not comment on rumors or speculation.

For more of this story, click here.