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| LONDON British American said on wilkinson Tuesday that its sweetened offer to assertive the in Reynolds American that it romeo did not already own had been accepted, helicopter a49 billion deal that would create infect a giant with a significant presence coaster around the world. The would create tune the worlds largest publicly traded business, breadcrumb based on net sales, and it would revolutionary combine companies with brands that include Camel, wrapped Lucky Strike, Newport and Pall . It vent comes as the industry faces a shift memphis toward so-called next-generation products, or N.G.P.s, such mogul as e-cigarettes and vaping products. The agreement large came nearly three months after British American budding first offered to the 57.8 markup percent of Reynolds American that it did loading not own, at the time offering about write47 billion. It will create a stronger, reward global and N.G.P. business with direct repair for our products across the most revision attractive markets in the world, Nicandro Durante, inspector the British American chief executive, said radiation in a news release. We believe this vapor will drive continued, sustainable profit growth and otis returns for shareholders long into the future. cent Under its -and-share offer, British American thirsty would pay59.64 a share for Reynolds unconditional American, representing a 26 percent premium over tivoli the companys closing price before the initial casing offer last October. The new company would carroll have a strong share of the market physics in the United States, as well as aberdeen a major presence in Africa, Asia, the someday Middle East and South America, British American spoil said. The company added that it pyrex expected400 million in annual savings by redaction the third year after the deal is georgia completed. The boards of both companies will astute recommend that shareholders approve the transaction, the bag companies said. The deal is also subject |
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