US tobacco firm Reynolds American has reportedly rejected a $47bn takeover by British American Tobacco.
It's understood that Reynolds, which owns cigarette brands like Camel and Newport, is holding out for more money.
B.A.T. wants to buy the stake in Reynolds it doesn't already own to create the world's largest tobacco company.
UK correspondent Olly Barratt says the rejected offer might not be the end of the matter.
IN: "A better…
OUT: …dollars."
DUR: 51 seconds
http://www.fsnradionews.com/feeds/1115bat-ob1.mp3
ALT:
UK correspondent Olly Barratt says a new offer might be forthcoming.
IN: "Now if…
OUT: …the cards."
DUR: 28 seconds
http://www.fsnradionews.com/feeds/1115bat-ob2.mp3
It's understood that Reynolds, which owns cigarette brands like Camel and Newport, is holding out for more money.
B.A.T. wants to buy the stake in Reynolds it doesn't already own to create the world's largest tobacco company.
UK correspondent Olly Barratt says the rejected offer might not be the end of the matter.
IN: "A better…
OUT: …dollars."
DUR: 51 seconds
http://www.fsnradionews.com/feeds/1115bat-ob1.mp3
ALT:
UK correspondent Olly Barratt says a new offer might be forthcoming.
IN: "Now if…
OUT: …the cards."
DUR: 28 seconds
http://www.fsnradionews.com/feeds/1115bat-ob2.mp3