• ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

    ITC AGM 2014, Main Auditorium, Science City, Calcutta, West Bengal, India: It was shocking to the shareholders of ITC (Indian Tobacco Company) Limited when they were denied entry at the 103rd Annual General Meeting (AGM) of the company held at Main Auditorium of Science City at Calcutta, West Bengal, India on 30th July, 2014. The shareholders of ITC claimed that they had brought enough proof to be eligible for entry to the AGM of the company but security personnel at the entrance did not accept that and insisted for the Admission Slip. There was also a scuffling between the shareholders and security personnel at the entrance.

    published: 30 Jul 2014
  • Reality Check vs. PMUSA Shareholders

    Tobacco control advocates from Reality Check and No Limits take a stand at The Altria Group Inc's annual shareholders meeting in Richmond, Virginia.

    published: 05 Jul 2017
  • Dr. Blum at the 1992 Philip Morris Shareholders Meeting

    Mike Miles, CEO of Philip Morris, receives a question from Dr. Alan Blum at the 1992 Philip Morris Shareholders meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu

    published: 01 Oct 2014
  • Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

    Tobacco control teen advocates from across the US attended the 2013 Philip Morris International Shareholder's Meeting, including Reality Check teens from across the state. Teens both spoke at the meeting and demonstrated outside.

    published: 14 May 2013
  • British American Tobacco announces 4.2 Billion shillings profit for 2016

    As the result season continues, British American tobacco announced 4.2 billion shillings after profit in the full year ended 31st Dec 2016, giving their shareholders a 43 shillings dividend per share. This and more in our corporate brief SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.

    published: 24 Feb 2017
  • WWBT News 12 Full Report on Philip Morris Shareholders Meeting

    Richmond, Virginia WWBT News 12 report on Dr. Alan Blum and others petitioning Philip Morris to end cigarette sales at the Shareholders Meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu

    published: 01 Oct 2014
  • BAT Results 2014

    Increased cigarette sales coupled by reduced production costs helped British American Tobacco Kenya to grow its pre-tax profit in 2014 by 11 percent to 6 point 09 billion shillings. The taxman also benefitted from the cigarette manufacturer's increased sales as bat's excise duty and value added tax payments went up to 15 point 4 billion shillings. And as Bella Genga reports, bat shareholders are set to smile all the way to the bank to receive a new record dividend for the year.

    published: 27 Feb 2015
  • Tobacco Stocks In Focus Today

    Tobacco stocks in focus today. Mangalam Maloo tells you why here.

    published: 27 Dec 2016
  • WTVR News 6 Report on Philip Morris Shareholders Meeting

    Pete Rosen report from WTVR News 6 in Richmond, Virginia concerning the 1990 Philip Morris Shareholders meeting and the proposal introduced by Dr. Blum requesting the company stop producing cigarettes. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu

    published: 01 Oct 2014
  • RJR Sales Training tobacco tyj52b00

    RJR Cigarette Camel Training Video

    published: 20 Nov 2016
  • QM: Profit Motive

    Jamestown was founded primarily as a commercial investment by the shareholders of The Virginia Company. But the colony simply struggled to survive for many years. Tobacco eventually proved to be the "gold" of the region - although the original Jamestown investors never did reap their own hoped-for returns.

    published: 06 May 2008
  • We Are Philip Morris

    Public Service Announcement from Philip Morris about the people behind the company

    published: 01 Oct 2014
  • What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

    What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean? SHAREHOLDER RESOLUTION meaning - SHAREHOLDER RESOLUTION definition - SHAREHOLDER RESOLUTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. With respect to public companies in the United States, Shareholder resolutions are proposals submitted by shareholders for a vote at the company's annual meeting. Typically, resolutions are opposed by the corporation's management, hence the insistence for a vote. For publicly held corporations in the United States, the submission and handling of resolutions is regulated by the Securities and Exchange Commission (SEC). Shareholders submit resolutions dealing primarily with corporate governance, such as executive co...

    published: 31 May 2017
  • Globalist Malcolm Turnbull Pushes Mandatory Vaccination Agenda-Shares In Big Pharma-

    Australian PM Malcolm Turnbull has Shares in Big Pharma plus many other big Companies. His Message To Australian Families is, Vaccinate Vaccinate Vaccinate $$$$$$$. 'Our No Jab, No Pay policy has seen vaccination rates improving rapidly. Ensuring Australia has a herd immunity will keep children and communities safe that’s why we’re aiming for 95% of children to be immunised. Families currently receiving Child Care Benefit and Child Care Rebate have just over a week left to get their child’s immunisations on track by 18 March 2016 to avoid the risk of losing child care payments. Malcolm Turnbull has shares in pharmaceutical companies and cigarette maker British American Tobacco. First, there are the listed companies and funds. Among them is the SPDR S&P 500 ETF Trust [NYSEARCA:SPY]. O...

    published: 13 Mar 2016
  • British American Tobacco AGM

    The Kenyan subsidiary of British American Tobacco wants the government to develop a sustainable tax regime on tobacco products claiming that the latest move to tax cigarettes on retail price instead of cigarette characteristics has been counterproductive. The company also told shareholders that the government has not been consistent in implementing anti counterfeit laws, exposing the company's revenue earnings on many fronts.

    published: 04 May 2011
  • BAT agrees Reynolds deal to create largest listed tobacco giant

    British American Tobacco has reached a deal to pay $49.4bn (£41bn) for the shares it does not already own in US rival Reynolds. The FTSE 100 firm, which makes Rothmans, Lucky Strike and Dunhill, said the takeover would give it greater access to emerging markets and the US while also boosting its presence in the growing e-cigarette sector. It had announced a $47bn cash and shares offer back in October for Reynolds - the second biggest player in the US with the Pall Mall and Camel brands in its stable - but that approach was rejected. BAT said the improved offer meant that Reynolds' shareholders would net $59.64 per share - $29.44 in cash and 0.5260 BAT ordinary shares - with the price representing a premium of 26% for investors. It already has a 42.2% stake in the US business having become ...

    published: 17 Jan 2017
ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

  • Order:
  • Duration: 3:08
  • Updated: 30 Jul 2014
  • views: 883
videos
ITC AGM 2014, Main Auditorium, Science City, Calcutta, West Bengal, India: It was shocking to the shareholders of ITC (Indian Tobacco Company) Limited when they were denied entry at the 103rd Annual General Meeting (AGM) of the company held at Main Auditorium of Science City at Calcutta, West Bengal, India on 30th July, 2014. The shareholders of ITC claimed that they had brought enough proof to be eligible for entry to the AGM of the company but security personnel at the entrance did not accept that and insisted for the Admission Slip. There was also a scuffling between the shareholders and security personnel at the entrance.
https://wn.com/Itc_Agm_Video_Misbehavior_With_Shareholders_And_Entry_Denied_To_103Rd_Agm_2014
Reality Check vs. PMUSA Shareholders

Reality Check vs. PMUSA Shareholders

  • Order:
  • Duration: 1:17
  • Updated: 05 Jul 2017
  • views: 0
videos
Tobacco control advocates from Reality Check and No Limits take a stand at The Altria Group Inc's annual shareholders meeting in Richmond, Virginia.
https://wn.com/Reality_Check_Vs._Pmusa_Shareholders
Dr. Blum at the 1992 Philip Morris Shareholders Meeting

Dr. Blum at the 1992 Philip Morris Shareholders Meeting

  • Order:
  • Duration: 0:45
  • Updated: 01 Oct 2014
  • views: 11
videos
Mike Miles, CEO of Philip Morris, receives a question from Dr. Alan Blum at the 1992 Philip Morris Shareholders meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu
https://wn.com/Dr._Blum_At_The_1992_Philip_Morris_Shareholders_Meeting
Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

  • Order:
  • Duration: 0:26
  • Updated: 14 May 2013
  • views: 186
videos
Tobacco control teen advocates from across the US attended the 2013 Philip Morris International Shareholder's Meeting, including Reality Check teens from across the state. Teens both spoke at the meeting and demonstrated outside.
https://wn.com/Tobacco_Control_Teen_Advocates_At_The_Philip_Morris_International_Shareholder's_Meeting
British American Tobacco announces 4.2 Billion shillings profit for 2016

British American Tobacco announces 4.2 Billion shillings profit for 2016

  • Order:
  • Duration: 1:43
  • Updated: 24 Feb 2017
  • views: 174
videos
As the result season continues, British American tobacco announced 4.2 billion shillings after profit in the full year ended 31st Dec 2016, giving their shareholders a 43 shillings dividend per share. This and more in our corporate brief SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
https://wn.com/British_American_Tobacco_Announces_4.2_Billion_Shillings_Profit_For_2016
WWBT News 12 Full Report on Philip Morris Shareholders Meeting

WWBT News 12 Full Report on Philip Morris Shareholders Meeting

  • Order:
  • Duration: 3:00
  • Updated: 01 Oct 2014
  • views: 12
videos
Richmond, Virginia WWBT News 12 report on Dr. Alan Blum and others petitioning Philip Morris to end cigarette sales at the Shareholders Meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu
https://wn.com/Wwbt_News_12_Full_Report_On_Philip_Morris_Shareholders_Meeting
BAT Results 2014

BAT Results 2014

  • Order:
  • Duration: 1:10
  • Updated: 27 Feb 2015
  • views: 563
videos
Increased cigarette sales coupled by reduced production costs helped British American Tobacco Kenya to grow its pre-tax profit in 2014 by 11 percent to 6 point 09 billion shillings. The taxman also benefitted from the cigarette manufacturer's increased sales as bat's excise duty and value added tax payments went up to 15 point 4 billion shillings. And as Bella Genga reports, bat shareholders are set to smile all the way to the bank to receive a new record dividend for the year.
https://wn.com/Bat_Results_2014
Tobacco Stocks In Focus Today

Tobacco Stocks In Focus Today

  • Order:
  • Duration: 1:34
  • Updated: 27 Dec 2016
  • views: 70
videos
Tobacco stocks in focus today. Mangalam Maloo tells you why here.
https://wn.com/Tobacco_Stocks_In_Focus_Today
WTVR News 6 Report on Philip Morris Shareholders Meeting

WTVR News 6 Report on Philip Morris Shareholders Meeting

  • Order:
  • Duration: 2:05
  • Updated: 01 Oct 2014
  • views: 7
videos
Pete Rosen report from WTVR News 6 in Richmond, Virginia concerning the 1990 Philip Morris Shareholders meeting and the proposal introduced by Dr. Blum requesting the company stop producing cigarettes. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu
https://wn.com/Wtvr_News_6_Report_On_Philip_Morris_Shareholders_Meeting
RJR Sales Training tobacco tyj52b00

RJR Sales Training tobacco tyj52b00

  • Order:
  • Duration: 18:59
  • Updated: 20 Nov 2016
  • views: 128
videos https://wn.com/Rjr_Sales_Training_Tobacco_Tyj52B00
QM: Profit Motive

QM: Profit Motive

  • Order:
  • Duration: 1:05
  • Updated: 06 May 2008
  • views: 1110
videos
Jamestown was founded primarily as a commercial investment by the shareholders of The Virginia Company. But the colony simply struggled to survive for many years. Tobacco eventually proved to be the "gold" of the region - although the original Jamestown investors never did reap their own hoped-for returns.
https://wn.com/Qm_Profit_Motive
We Are Philip Morris

We Are Philip Morris

  • Order:
  • Duration: 4:56
  • Updated: 01 Oct 2014
  • views: 30
videos
Public Service Announcement from Philip Morris about the people behind the company
https://wn.com/We_Are_Philip_Morris
What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

  • Order:
  • Duration: 3:11
  • Updated: 31 May 2017
  • views: 15
videos
What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean? SHAREHOLDER RESOLUTION meaning - SHAREHOLDER RESOLUTION definition - SHAREHOLDER RESOLUTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. With respect to public companies in the United States, Shareholder resolutions are proposals submitted by shareholders for a vote at the company's annual meeting. Typically, resolutions are opposed by the corporation's management, hence the insistence for a vote. For publicly held corporations in the United States, the submission and handling of resolutions is regulated by the Securities and Exchange Commission (SEC). Shareholders submit resolutions dealing primarily with corporate governance, such as executive compensation, or corporate social responsibility issues, such as global warming, labor relations, tobacco smoking, human rights, and animal welfare. Virtually all shareholder resolutions are non-binding (or "precatory," to use the legal term of art). In this sense the voting on these resolutions more closely resembles a poll than it does a (binding) referendum or plebiscite. Still, media coverage of voting on shareholder resolutions tends to focus on whether the proposal received a majority of votes, which occurs in a very small but increasing proportion of cases. According to SEC rules, defeated resolutions may be resubmitted only if they pass certain election hurdles (percentage of affirmative votes). Shareholder resolutions have been an important part of activist campaigns in several cases. For example, resolutions were effective at raising public awareness and thereby pressuring corporate management about investments in apartheid South Africa, nuclear power, and labor disputes. Given these results, resolutions have been spearheaded by several coordinating groups, including the AFL-CIO and the Interfaith Center on Corporate Responsibility. Governmental and labor union pension funds also have become involved in supporting and submitting shareholder resolutions. A shareholder resolution to protest napalm manufacturer Dow Chemical resulted in a U.S. Supreme Court case called SEC v. MEDICAL COMMITTEE FOR HUMAN RIGHTS, 404 U.S. 403 (1972). The court decided that the case was moot due to Dow's agreeing to include the resolution on its proxy statement. The dissent argument by Justice Douglas encourages the SEC to facilitate more shareholder resolutions. "The philosophy of our times, I think, requires that such enterprises be held to a higher standard than that of the "morals of the marketplace" which exalts a single-minded, myopic determination to maximize profits as the traditional be-all and end-all of corporate concern."
https://wn.com/What_Is_Shareholder_Resolution_What_Does_Shareholder_Resolution_Mean
Globalist Malcolm Turnbull Pushes Mandatory Vaccination Agenda-Shares In Big Pharma-

Globalist Malcolm Turnbull Pushes Mandatory Vaccination Agenda-Shares In Big Pharma-

  • Order:
  • Duration: 14:03
  • Updated: 13 Mar 2016
  • views: 1111
videos
Australian PM Malcolm Turnbull has Shares in Big Pharma plus many other big Companies. His Message To Australian Families is, Vaccinate Vaccinate Vaccinate $$$$$$$. 'Our No Jab, No Pay policy has seen vaccination rates improving rapidly. Ensuring Australia has a herd immunity will keep children and communities safe that’s why we’re aiming for 95% of children to be immunised. Families currently receiving Child Care Benefit and Child Care Rebate have just over a week left to get their child’s immunisations on track by 18 March 2016 to avoid the risk of losing child care payments. Malcolm Turnbull has shares in pharmaceutical companies and cigarette maker British American Tobacco. First, there are the listed companies and funds. Among them is the SPDR S&P 500 ETF Trust [NYSEARCA:SPY]. Over the last two years, SPY is up by nearly 40%. This ETF is relatively popular because it offers exposure to big-name stocks, whilst being balanced and accessible. The Trust’s top 1445522814945ten holdings are Apple Inc., Microsoft Corporation, Exxon Mobil, Johnson & Johnson, GE, Wells Fargo, Berkshire Hathaway (Class B), JPMorgan, Amazon.com, and (Pfizer Inc). Apple is the most substantial holding, at 3.8%. To put that in context, Microsoft comes next at 2.03%. So it’s very tech heavy. But perhaps not as tech heavy as Vanguard Information Technology ETF [NYSEARCA:VGT], which Turnbull bought in July last year. VGT’s top five holdings are Apple, Google, Microsoft, Facebook, and IBM. Lucy Turnbull sticks with Prima BioMed: Lucy Turnbull will remain Chair of Australian biotechnology company Prima BioMed. Prima BioMed is a clinical stage immuno-oncology company, currently in product collaborations with Novartis and GSK. Ms Turnbull said she would reassess her corporate commitments following her husband’s elevation to the prime ministership in September. She has subsequently stood down as deputy chairman of Australia’s largest private ferry operator, SeaLink Travel Group, but was yesterday re-elected Chair of Prima Biomed at its Annual General Meeting yesterday. “The Board is delighted that Lucy is standing for re-election,” said Non-Executive Director Russell Howard. “Despite her considerable new responsibilities, she remains committed to development of Prima’s immunotherapy products for the benefit of cancer patients, as well as Prima shareholders. Lucy has made a highly valued contribution to the Board over the past 5 years. We have her ongoing support and counsel going forward.” http://biotechdispatch.com.au/lucy-turnbull-sticks-with-prima-biomed/#sthash.m4LC4oOI.dpbs Among the more unusual investments detailed by the register were the Minister’s positions in ETFs based on the commodities platinum and palladium, and his wife’s keen interest in pharmaceutical companies. http://www.macrobusiness.com.au/2013/11/why-is-lucy-turnbull-dodging-australian-equities/ Article Link: http://crazzfiles.com/turnbull-pushes-mandatory-vaccination-rollout-but-has-lucrative-shares-in-big-pharma/ Big Pharma- Merck, Pfizer, GlaxoSmithKline, Sanfoi Pasteur, Novartis Vaccines. CDC-Common substances found in vaccines include: •Aluminum gels or salts of aluminum which are added as adjuvants to help the vaccine stimulate a better response. Adjuvants help promote an earlier, more potent response, and more persistent immune response to the vaccine. •Antibiotics which are added to some vaccines to prevent the growth of germs (bacteria) during production and storage of the vaccine. No vaccine produced in the United States contains penicillin. •Egg protein is found in influenza and yellow fever vaccines, which are prepared using chicken eggs. Ordinarily, persons who are able to eat eggs or egg products safely can receive these vaccines. •Formaldehyde is used to inactivate bacterial products for toxoid vaccines, (these are vaccines that use an inactive bacterial toxin to produce immunity.) It is also used to kill unwanted viruses and bacteria that might contaminate the vaccine during production. Most formaldehyde is removed from the vaccine before it is packaged. •Monosodium glutamate (MSG) and 2-phenoxy-ethanol which are used as stabilizers in a few vaccines to help the vaccine remain unchanged when the vaccine is exposed to heat, light, acidity, or humidity. •Thimerosal is a mercury-containing preservative that is added to vials of vaccine that contain more than one dose to prevent contamination and growth of potentially harmful bacteria. Link: CDC http://www.cdc.gov/vaccines/vac-gen/additives.htm ***PLEASE SHARE***
https://wn.com/Globalist_Malcolm_Turnbull_Pushes_Mandatory_Vaccination_Agenda_Shares_In_Big_Pharma
British American Tobacco  AGM

British American Tobacco AGM

  • Order:
  • Duration: 1:31
  • Updated: 04 May 2011
  • views: 741
videos
The Kenyan subsidiary of British American Tobacco wants the government to develop a sustainable tax regime on tobacco products claiming that the latest move to tax cigarettes on retail price instead of cigarette characteristics has been counterproductive. The company also told shareholders that the government has not been consistent in implementing anti counterfeit laws, exposing the company's revenue earnings on many fronts.
https://wn.com/British_American_Tobacco_Agm
BAT agrees Reynolds deal to create largest listed tobacco giant

BAT agrees Reynolds deal to create largest listed tobacco giant

  • Order:
  • Duration: 3:39
  • Updated: 17 Jan 2017
  • views: 55
videos
British American Tobacco has reached a deal to pay $49.4bn (£41bn) for the shares it does not already own in US rival Reynolds. The FTSE 100 firm, which makes Rothmans, Lucky Strike and Dunhill, said the takeover would give it greater access to emerging markets and the US while also boosting its presence in the growing e-cigarette sector. It had announced a $47bn cash and shares offer back in October for Reynolds - the second biggest player in the US with the Pall Mall and Camel brands in its stable - but that approach was rejected. BAT said the improved offer meant that Reynolds' shareholders would net $59.64 per share - $29.44 in cash and 0.5260 BAT ordinary shares - with the price representing a premium of 26% for investors. It already has a 42.2% stake in the US business having become a shareholder 13 years ago. BAT confirmed it was looking to finance the cash element of the purchase through a combination of "existing cash resources, new bank credit lines and the issuance of new bonds." It included, the company said, a $25bn "acquisition facility" with a syndicate of banks. The credit agency Moody's had warned in October it was putting the company's rating under review as it assessed the financing plans. BAT said on Tuesday it was committed to maintaining "a solid investment grade credit rating" and announced plans to limit debt on its balance sheet over three years. It said it expected the deal to deliver $400m of annual savings by the end of 2019 - with lower corporate costs contributing. That is usually a sign that job losses are on the way. BAT shares opened 1% higher. Its chief executive, Nicandro Durante, said of the deal: "We have been shareholders in Reynolds since 2004 and we have benefited from the success of the present management team's strategy, including its acquisition of Lorillard, which we supported with our own investment in 2015." He added: "It will create a stronger, global tobacco and NGP (next generations products) business with direct access for our products across the most attractive markets in the world. "We believe this will drive continued, sustainable profit growth and returns for shareholders long into the future." Shane MacGuill, head of tobacco at consultancy Euromonitor International, said the takeover was motivated by the lucrative US market. "BAT and Reynolds American have a strong existing relationship and while cost savings will be relatively modest the full access this acquisition would give BAT to the US - a lucrative, consolidated market with high barriers to entry - meaning it makes eminent sense."
https://wn.com/Bat_Agrees_Reynolds_Deal_To_Create_Largest_Listed_Tobacco_Giant
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