UPDATE: Reynolds American (RAI) Said to Reject $47B Offer from British American Tobacco (BTI)

November 14, 2016 3:23 PM EST

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Updated - November 14, 2016 3:28 PM EST)

Reynolds American (NYSE: RAI) said to reject British American Tobacco (NYSE: BTI) $47 billion buyout offer, according to Bloomberg headlines.

UPDATE - Sources said that BAT is willing to increase the price slightly and talks are ongoing.

BAT currently owns $42 percent of Reynolds.

Shares of Reynolds American are down 1 percent Monday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Hot M&A, Mergers and Acquisitions, Rumors, Trader Talk

Add Your Comment