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British American Tobacco agrees terms to buy Reynolds for $49.4 billion

British American Tobacco agrees terms to buy Reynolds for $49.4 billion

Tue, Jan 17, 2017

British American Tobacco (BAT) has agreed a $49.4 billion (nearly Rs 3,28,645.9 crore) takeover of US rival Reynolds American Inc, creating the world`s biggest listed tobacco company after it nudged up an earlier offer by more than $2 billion (nearly Rs 13,305.5 crore).

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