Reynolds, BAT ink $49 bn deal to form largest tobacco firm
British American Tobacco (BAT) has agreed to acquire US tobacco firm Reynolds in a deal worth $49.4 billion (over ₹3.3 lakh crore), which will create the world's biggest listed tobacco firm. BAT will acquire a 57.8% stake in the US company. The merger would bring together tobacco industry's well-known brands like Lucky Strike, Dunhill, and Camel cigarettes.