Search Results for: tobacco
The Law Firms who are advising the mega Tobacco acquisition
October 24th, 2016
Herbert Smith Freehills (HSF) andCravath, Swaine & Moore are advising British American Tobacco (BAT) on its offer to acquire the remaining 57.8 % stake in Reynolds American for $47bn. BAT had already owned 42.2% of Reynolds for the last 12 years. ...
Tobacco giant eyes $47 billion merger
October 21st, 2016
British American Tobacco has launched a $47 billion (£38 billion) bid to buy US tobacco giant Reynolds. The tobacco giant, which already owns 42.2% of Reynolds, has offered $55.5 per share for the outstanding 57.8%. This represents a premium of ...
High Court rejects Big Tobacco’s appeal against plain packaging
May 20th, 2016
Four of the world’s largest tobacco companies have lost a high-profile legal challenge against the UK government’s new rules on plain packaging for cigarettes. British American Tobacco, Imperial Tobacco, Philip Morris International and Japan Tobacco International launched a High ...
Imperial Tobacco to buy U.S. cigarette brands for $7.1 billion
July 15th, 2014
Imperial Tobacco Group (IMT.L) plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s (RAI.N) $27.4 billion purchase of Lorillard (LO.N). Imperial’s purchase, meant to ease antitrust concerns from the marriage ...
Reynolds and Lorillard to reshape Big Tobacco with merger
July 11th, 2014
Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn. The deal will ...
Check out how expensive your country is
June 23rd, 2021
Eurostat, the statistical office of the European Union, has published a data visualisation in order to easily compare data on consumer price levels in the European Union in 2020. Is food cheaper in your country than in other Member ...
Annual inflation stable at -0.3% in the euro area
November 18th, 2020
The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the ...
European stocks pulled back Tuesday
October 27th, 2020
European stocks pulled back Tuesday morning amid a choppy start to trading, as investors continued to monitor the rapid spread of coronavirus across the continent and digested a fresh round of major corporate earnings. The pan-European Stoxx 600 slipped ...
Lessons on inflation from the past
September 25th, 2020
This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing ...
Annual inflation up to 0.4% in the euro area; The highest and lowest annual rates
August 26th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was 0.4% in July 2020, up from 0.3% in June. A year earlier, the rate was 1.0%. European Union ...
