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An unexpected treat for some British groups should not mean more money for CEOs
US crackdown adds urgency to improving meagre sales of alternatives to cigarettes
Tobacco giant taps investor thirst for corporate debt to fund purchase of Reynolds
US bank earnings; BAT-Reynolds deal, Luxottica, Pearson and Netflix also in the news
UK group’s $49bn tie-up marks return to sector’s ‘largest profit pool’ outside China
If the incoming president cuts corporate taxes, the deal will look cheap
Acquisition will create world’s largest listed tobacco group by sales
Rivals likely to follow dealmaking route into lucrative US market
US maker of Camel cigarettes expected to say cash and shares package inadequate
Buying out its US associate will enhance BAT’s cash generation still further
Group offers $47bn to take full control of US maker of Camel and Newport cigarettes
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