trending Market Intelligence /marketintelligence/en/news-insights/trending/jhWq1z9NyhvKk7_KgeJ8hw2 content esgSubNav
In This List

British American Tobacco completes deal to acquire 57.79% of Reynolds American

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Blog

Customer Success: a $200 million market poised for dramatic growth

Blog

Unlocking the Full Potential of Earnings Transcripts


British American Tobacco completes deal to acquire 57.79% of Reynolds American

British American Tobacco Plc on July 25 closed its deal to acquire 57.79% of Reynolds American Inc. for a transaction value of $60.98 billion.

The company offered $66.57 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Centerview Partners UK LLP, Deutsche Bank AG and UBS Ltd. were the financial advisers for British American Tobacco, and Cravath Swaine & Moore LLP and Herbert Smith Freehills LLP were the legal advisers.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Lazard Frères & Co. LLC were the financial advisers for Reynolds American, while Jones Day, Moore & Van Allen PLLC, Richards Layton & Finger P.A. and Weil Gotshal & Manges LLP were the legal advisers.