British American Tobacco (UK) (GB:BATS) has released an update.
British American Tobacco PLC (BAT) has seen a robust early response to its cash capped debt tender offers, with the company also upping the maximum purchase amount to £1.2 billion. The offers have been made by BAT’s wholly owned subsidiaries and involve purchasing various series of securities with priorities set for full or partial acceptance based on tendered amounts. The final consideration for the securities accepted will be announced later, while the tender offers are set to expire in mid-May.
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