BAT announces agreement to acquire ReynoldsBritish American Tobacco has agreed to acquire Reynolds American in a $49.4bn deal that will create the world’s largest listed tobacco company by sales.
If you own Reynolds stock, you're going to do well in this deal.
On the other hand it seems that BAT is also exiting the PT & cigar biz under their Dunhill brand.
BAT plans exit from Pipe Tobacco & Cigar biz
One of the most storied names in the world of cigars and pipes is going away.
Tobacco giant British American Tobacco is planning to no longer offer Dunhill cigars and pipe tobaccos.
“British American Tobacco (BAT) has informed us of their intention to exit the handmade cigar and pipe tobacco business for the Dunhill brands, said Régis Broersma, president of General Cigar Co., which makes Dunhill cigars and distributes them in the U.S.
“As this process will take approximately 12-18 months to complete, it will be business as usual; therefore, there will be no change to the way in which we manufacture, market and sell the Dunhill items in our portfolio in the near future. We are currently in talks with BAT to discuss the future of the brand.”