Shareholders approved buyout to make BAT the world’s largest listed tobacco company amid concerns over industry pushing back on government regulations


British American Tobacco (BAT) has come under fire from health campaigners after shareholders approved its buyout of American firm Reynolds on Wednesday, which will create the world’s biggest tobacco company.

Shareholders of both companies approved the deal, which will take BAT back into the US market after a 12-year absence. It ends American ownership of Reynolds American Incorporated (RAI), a tobacco company headquartered in the US south since 1875.

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