BAT bids $47 billion US for Reynolds
October 21, 2016 - British American Tobacco (BAT) is bidding $47 billion to buy the remaining shares it does not already own of Reynolds American Inc.
The logic of the deal, analysts say, is to make up for a decline in smoking in the firms' home markets of the U.S. and Britain as they look to developing countries and new products, such as electronic cigarettes.
The London-based company offered to buy the 57.8 per cent of Reynolds it doesn't already own for the equivalent of $56.50 per share, 20 per cent more than Thursday's closing price. Investors would receive $24.13 in cash and 0.5502 of a BAT share for each Reynolds share they own.
Imperial Tobacco is the largest in Canada, but ranks fourth in the world. Phillip Morris is the largest with BAT and Reynolds in second and third positions before this deal.
But in Canada, more than half the market is being captured by black-market cigarettes.
Webinar to discuss the proposal to form Berry Grow
October 20, 2016 - The Ontario Berry Growers Association (OBGA) and the Ontario Highbush Blueberry Growers Association will be hosting a webinar to discuss the Proposal to Form Berry Growers of Ontario on Tuesday October 25, 2016 at 7 pm.
Growers of blueberries, raspberries and strawberries are encouraged to participate in this webinar to learn more about the proposal. Growers will be receiving an information and voting package near the end of October.
To hear the audio for this session please call 416-204-9354 or 1-866-613-5223
Access code 4229770#
To view the presentation on line click on the website link below http://www.webconf-server.com/clarity