British American Tobacco (BTI) volatility flat into offer to buy out Reynolds American for $56.50 per share

October 21, 2016 5:46 AM EDT

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British American Tobacco (NYSE: BTI) which owns 42.2% of Reynolds American (RAI), has made a proposal to merge with Reynolds through the acquisition of the remaining 57.8% in the company. British American Tobacco 30-day option implied volatility of 22 compares to its 52-week range of 16 to 32.

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