British American Tobacco has asked Deutsche Bank to work with UBS on possible financial deals in the U.S., according to a story by Erika Janowicz for Benzinga.com, quoting a report in The Times of London on Monday.
The article said that BAT had hired the banker to advise the company on possible acquisitions and deals.
The newspaper listed possible opportunities as involving Reynolds American and Lorillard.
Stories have previously suggested that Lorillard, despite its cigarette portfolio being hugely dominated by menthol products, might be an acquisition target for Reynolds, in which BAT has a stake of about 42 percent.
Category: Breaking News