Press Release Details

Reynolds American board forms Transaction Committee to evaluate proposal from British American Tobacco

WINSTON-SALEM, N.C. – Oct. 31, 2016 – The board of directors of Reynolds American Inc. (NYSE: RAI) has formed a Transaction Committee consisting of independent directors not designated by British American Tobacco p.l.c. (BAT) to evaluate the Oct. 20, 2016, non-binding proposal from BAT to acquire the shares of RAI common stock that BAT does not currently own.