British American Tobacco p.l.c. (American Depository Receipts)
 (BTI)

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  • Jul. 15, 2014, 7:22 AM
    • Reynolds American (NYSE:RAI) says it will unload the Kool, Salem, Winston, Maverick, and blu eCigs brands along with some other assets to Imperial Tobacco (OTCMKTS:ITYBY) for $7.1B. The move is aimed at appeasing regulators.
    • The company says the acquisition of Lorillard (NYSE:LO) will be accretive within the first full year and will show a double-digit accretion rate in the second year and beyond.
    • A cooperation deal was struck between Reynolds and British American Tobacco (NYSEMKT:BTI) which includes sharing technology and development costs on next-gen tobacco products.
    • Premarket: Lorillard -3.7%, Reynolds American -0.2%, British American Tobacco (BTI) -0.5%.
    | Jul. 15, 2014, 7:22 AM | 22 Comments
  • Jul. 15, 2014, 7:14 AM
    • Reynolds American (NYSE:RAI) announces it will buy Lorillard (NYSE:LO) in a deal valued at $27.4B.
    • Lorillard shareholders will receive $50.50 in cash and 0.2909 a share of Reynold at closing, which reps a deal price of $68.88 at Reynold's current trading level.
    • British American Tobacco (NYSEMKT:BTI) will hold on to its 42% stake in Reynolds as part of the deal.
    | Jul. 15, 2014, 7:14 AM | 30 Comments
  • Jul. 11, 2014, 4:13 AM
    • Reynolds American (RAI) may announce its purchase of Lorillard (LO) as early as July 14, Bloomberg reports.
    • Many rumors have been circulating in the past few weeks regarding big tobacco M&A, as shrinking U.S. demand for cigarettes puts pressure on companies to team up.
    • Under the current deal, Reynolds would acquire most of Lorillard, with some brands being acquired by Imperial Tobacco (ITYBY), to receive regulatory approval. British American Tobacco (BTI), who owns a 42% in Reynolds, is said to have already given the company the go-ahead for the purchase.
    • The new report conflicts with another rumor heard this week stating British American Tobacco will buy the 58% of Reynolds American it doesn't already own - cancelling any possible deal with Lorillard.
    | Jul. 11, 2014, 4:13 AM | 9 Comments
  • Jul. 9, 2014, 8:16 AM
    • British American Tobacco (BTI) is willing to pay as much as $75 per share for Reynolds American (RAI), sources tell The Daily Mail.
    • Citigroup estimates BAT would see a $0.10-$0.13 boost to EPS if a deal between the two tobacco giants is struck.
    • RAI +1.8% premarket to $61.31.
    | Jul. 9, 2014, 8:16 AM | 3 Comments
  • Jul. 9, 2014, 8:06 AM
    • There's growing speculation in the U.K. that British American Tobacco (BTI) will buy out the 58% of Reynolds American (RAI) it doesn't own already.
    • A deal would likely end the pursuit by Reynolds of Lorillard (LO) which has been in the works for weeks.
    • Shares of Lorillard (LO) are down 3.7% premarket, while Reynolds American (RAI) is 2.1% higher.
    | Jul. 9, 2014, 8:06 AM | 8 Comments
  • May 22, 2014, 10:36 AM
    • Shares of Lorillard (LO -5.5%) retreat after reality sets in that a deal for the company to be purchased by Reynolds American (RAI -1.8%) is complicated and could take some time to work out. The third wheel in the merger mix is British American Tobacco (BTI -0.9%) which owns 42% of Reynolds and could make a play for the whole company after a standstill agreement expires in July.
    • Analysis is divided on if a deal will end up being completed at all. Stifel thinks regulators will jump in over the dominance in menthol a combination of the tobacco companies would create - while Wells Fargo's read is much more optimistic.
    • Vector Group (VGR -1.6%) has been taken for a ride along with Lorillard and Reynolds, popping yesterday and deflating today.
    | May 22, 2014, 10:36 AM | 5 Comments
  • Apr. 29, 2014, 12:55 PM
    • Bankers and lawyers are busy working on potential mergers in the tobacco industry, reports CNBC (video).
    • The biggest buzz is over the potential that Reynolds American (RAI +1.4%) will buy Lorillard (LO +3%) for as much as $80 per share.
    • Though Wells Fargo notes Reynolds would have to divest some significant menthol brands to get a Lorillard deal past regulators, the firm sees a deal as likely.
    • Other tobaccco players: MO, PM, BTI, ITYBY, ITYBF, PHJMF, JAPAF, SFIO, VGR, SWNG, SWMAF, SWMAY, XXII, BTAFF, UVV
    | Apr. 29, 2014, 12:55 PM | 14 Comments
  • May 26, 2011, 12:49 PM

    British American Tobacco (BTI +1.5%) inks a deal to purchase Colombia's 2nd largest cigarette maker for $452M. A much smaller market than Asia, a wealthier, more brand-conscious Latin America can still offer growth and profits to tobacco companies getting less of both in their home markets.

    | May 26, 2011, 12:49 PM
Company Description
British American Tobacco PLC is a holding company that owns, directly or indirectly investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall.
Industry: Cigarettes