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. Last Updated: 07/27/2016

BAT Merger Complete




LONDON -- British American Tobacco PLC, the world's No. 2 cigarette company and maker of brands including Kent and Lucky Strike, has completed a $8.2 billion acquisition of its smaller rival Rothmans International NV.


The deal has cleared its final regulatory hurdle - approval by Australia's Securities and Investments Commission - BAT spokeswoman Denise Hart said Monday.


The acquisition gives British American a 16 percent share of the global cigarette market, just behind Philip Morris Cos., which has 17 percent.