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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.