Tobacco

Big Tobacco's $49 Billion Megadeal Is A Real Drag: Gadfly

Reynolds American Inc. has pushed British American Tobacco Plc to the limit in securing a $49 billion takeover offer from its U.K.-based cigarette peer. Th...

BAT Wins Reynolds With Sweetened $49.4 Billion Buyout Bid

British American Tobacco Plc reached agreement to buy full control of Reynolds American Inc. with a sweetened $49.4 billion offer, bringing a successful en...

Japan Tobacco International Appoints New CEO

Japan Tobacco International (JTI) announced on Wednesday that Eddy Pirard will succeed Thomas A. McCoy as president and CEO on April 1, 2017...

Reynolds Said To Reject BAT’s $47 Billion Acquisition Proposal

Reynolds American Inc., the second-largest cigarette seller in the U.S., is seeking a higher price from British American Tobacco Plc after rejecting a $47...

Japan Tobacco Profit Forecast Misses Estimates On Yen

Japan Tobacco Inc. forecast profit that missed analyst estimates as sales for the first nine months fell, hurt by a stronger yen that eroded its overseas e...

Former Santa Fe Natural Tobacco Company Executive Joins 22nd Century

22nd Century Group, a leader in tobacco harm reduction, has announced the hiring of Michael Zercher as the company’s vice president of business devel...

In Marlboro Country, A Big-Money Race For The New Smoke

You want a trip to Philip Morris International Inc. to feel like a visit to Marlboro Country. But the company’s Swiss research center, aka the Cube,...

BAT Offers To Buy Rest Of Reynolds American For $47 Billion

British American Tobacco Plc offered to pay $47 billion for the 58 percent of Reynolds American Inc. that it doesn’t already own, seeking to create t...