BAT Agrees to Pay $49.4 Billion to Buy Out Reynolds American

British American Tobacco Plc raised the cash portion of its bid for full control of Reynolds American Inc., offering about $49.4 billion in a deal that would create the world’s largest publicly traded tobacco company and unify brands such as Lucky Strike and Camel.

British American Tobacco Plc raised the cash portion of its bid for full control of Reynolds American Inc., offering about $49.4 billion in a deal that would create the world’s largest publicly traded tobacco company and unify brands such as Lucky Strike and Camel.