Posts tagged: Reynolds American

British American Tobacco confirms Reynolds American scoops (s?) - part 2

Friday, 21 October 2016, 10:56 am

On second thoughts perhaps Jonthan Leinster, a scribbler over stockbroker Berenberg, should claim the this morning's BAT / Reynolds scoop. At 6:00 am this morning (so before the market had open) the analyst, who upgraded BAT to "buy", published a note raising the prospect of the London-listed tobacco giant buying the remaining 58pc of Reynolds that it doesn't own. I have pasted the salient paragraph below:..


British American Tobacco confirms Reynolds American scoop (s?)

Friday, 21 October 2016, 8:04 am

It's taken two years but British American Tobacco has finally got round to confirming a piece I wrote in the The Times a couple years ago about the giant cigarette group hiring Deutsche Bank alongside UBS with a view to making a $47 billion bid for Reynolds American.