Reynolds American, Inc. and British American Tobacco Merger Clears Antitrust Hurdle in U.S.

RAI and BAT expect merger to close in the third quarter of 2017, amounting in a $49 billion deal.

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Back in January 2017, Reynolds American, Inc. and British American Tobacco reached an a $49-billion deal to merge, as reported by Tobacco Business here. RAI agreed to be acquired by BAT, though BAT currently owns 42.2 percent of RAI. Following this merger, RAI will be the largest operating subsidiary of BAT.

Reynolds American, Inc. is based in Winston-Salem, N.C. and is the parent company of R.J. Reynolds Tobacco Co.; Santa Fe Natural Tobacco Co., Inc.; American Snuff Co., LLC; Niconovum USA, Inc.; Niconovum AB; and R.J. Reynolds Vapor Co. British American Tobacco is based in London with brands sold in over 200 markets.