British American Tobacco (BTI) has released an update.
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British American Tobacco (BAT) has announced the early results of its cash-capped debt tender offers, revealing an increase in the maximum aggregate purchase price to £1.2 billion. The offers, which aim to purchase specified debt securities, have received significant uptake by the early tender deadline, with acceptance determined by priority levels and subject to the increased maximum tender amount. The final purchase amounts and consideration for each series of securities will be determined and announced shortly.
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