| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for British American Tobacco plc > News item |
S&P puts British American Tobacco on watch
S&P said it placed its A- long-term corporate credit rating on British American Tobacco plc on CreditWatch with negative implications.
The issue ratings and the ratings on BAT's related entities were also placed on CreditWatch negative.
S&P affirmed its A-2 short-term corporate credit rating on BAT.
S&P said the CreditWatch follows the announcement that BAT has approached Reynolds American Inc. about combining the two companies through BAT's acquisition of the 57.8% of Reynolds that BAT does not already own. The total consideration for the remaining 57.8% of Reynolds would be US$47 billion, of which US$20 billion would be in cash and US$27 billion in BAT shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.