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Corporate News > BAT
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Shareholders approve BAT-RAI merger

British American Tobacco and Reynolds American Inc shareholders approved BAT’s acquisition of the 57.8 per cent of RAI that it does not already own, the companies said.

BAT and RAI shareholders approved the deal by comfortable margins at separate special meetings, the companies said. The deal valued near USD 50 billion (EUR 43 billion) when it was struck in January will create the world's largest listed tobacco company when it is concluded on or about 25 July. BAT will return to the US...

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