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Reynolds American has reportedly rejected British American Tobacco's $47 billion takeover offer
Reynolds American has reportedly rejected British American Tobacco's $47 billion takeover offer
Portia CroweNov 15, 2016, 02:05 IST
In this Friday, July 17, 2015 photo, Camel and Newport cigarettes, both Reynolds American brands, are on display at a Smoker Friendly shop in Pittsburgh.AP Photo/Gene J. Puskar
The cigarette-seller Reynolds American has rejected British American Tobacco's $47 billion buyout offer, according to Bloomberg's Ruth David, Dinesh Nair, and Manuel Baigorri.
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The American company is seeking a higher price, according to the report, and BAT is willing to increase its offer slightly.
