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Official Ray Ban Active Lifestyle RB3459 Sunglasses Black Frame Gray Lens AAG

Official Ray Ban Active Lifestyle RB3459 Sunglasses Black Frame Gray Lens AAG

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Since 1937, the name Ray-Ban has been associated with some of the most iconic styles in the history of sunglasses. From the style worn by pilots during World War II (the Aviator) t...

50 billion deal for Reynolds to form global tobacco powerhouse British American Tobaccohas landed a near $50 billion (41 billion) deal to take complete control of the maker of Pall Mall and Newport, creating the biggest listed tobacco company in the world and setting up the business to attack the booming vaping market.

The deal is the biggest overseas takeover by a British business since RBS bought ABN Amro in 2007 and comes after BAT upped its offer by $2.4 billion. Now BAT will pay $29.44 in cash ray ban aviator glasses and 0.5260 BAT shares for each Reynolds share to land its prize, paying $25 ray ban 3179 billion in shares and $24.4 billion in cash. It values the whole of Reynolds at $85 billion. Since there is a ray ban aviator price 20% overlap in shareholders in each business Neil Woodford is one who has stakes in both it is highly likely that investors will back the deal. They are being promised higher growth and chunkier dividends in the future. The deal brings together a raft of big brands under one roof, including BAT products Rothmans, Kool and Kent, and Reynolds' brands such as Newport, Camel, Pall Mall, Doral, Misty and Capri slims. The future leadership of the combined company is unclear. At 60, BAT chief Nicandro Durante is considerably older than Reynolds boss Debra Crew, who is 45. But City analysts said it would be wrong to assume Crew will land the top job. Durante said the deal will drive "create a stronger, global tobacco and NGP (next generation products) business". The cost savings from the merger are just $400 ray ban 3217 million, meagre given the size of the companies, which each make profit of around 5 billion a year. But the extra financial muscle the bigger company will have will allow it to expand strongly in the vaping and e cigarette market. Reynolds Vuse is already a highly popular vapour brand. Steve Clayton at Hargreaves Lansdown said: "The States is an attractive market, with good pricing dynamics, and BAT can also take Reynolds' portfolio of new generation tobacco products and sell them worldwide. BAT are now the clear global leader in the industry." Analysts think BATs arch rival Imperial Tobacco is now under pressure to do its own deal, perhaps with Japan Tobacco International. Clayton added: "The sheer scale of the enlarged BAT raises the pressure on the remaining players to bulk up too, and attention is likely to turn to Imperial Brands, who look more and more like a minnow swimming in a tank of big, hungry fish." BAT has more than 200 brands sold in some 200 markets and employs over 50,000 staff worldwide. Click the Adblock/Adblock Plus icon, which is to the right of your address bar.

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