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- Age 30
- The Subway
- Seen Jun 18, 2020
Found this in my newspaper. Wow.
British American Tobacco is vying to purchase Reynolds American Inc. for the offering price of $47 Billion dollars. If this acquisition does indeed go through, it will effectively create the largest singular tobacco company the world has ever seen. What do you think this means for the world market in terms of market prices and the future of the industry as a whole? Will this cause more of an issue with the health and cancer issue? As the largest tobacco purchase in history, I would think that it has serious implications for the market due to both companies dominating the market. They also have vested interests in electronic cigarettes as well.
As a global event in business, I think it'll have some pull in the world's trading floors. I'm wondering what'll happen later down the line with their sales practices. What do you think? Big change? Or no change at all? Do you think they will even go through with it or drop it?
You can find the article here.
What makes this more interesting is Proposition 56, which could increase the tax cost by about $2 per pack. As if smoking wasn't pricey enough. Note that Proposition 56 is taking place in California, and affects more people than any other state due to population size. I almost feel bad. $8 for a single pack? Time to pack up and leave the state if you're a hardcore smoker.
British American Tobacco is vying to purchase Reynolds American Inc. for the offering price of $47 Billion dollars. If this acquisition does indeed go through, it will effectively create the largest singular tobacco company the world has ever seen. What do you think this means for the world market in terms of market prices and the future of the industry as a whole? Will this cause more of an issue with the health and cancer issue? As the largest tobacco purchase in history, I would think that it has serious implications for the market due to both companies dominating the market. They also have vested interests in electronic cigarettes as well.
As a global event in business, I think it'll have some pull in the world's trading floors. I'm wondering what'll happen later down the line with their sales practices. What do you think? Big change? Or no change at all? Do you think they will even go through with it or drop it?
You can find the article here.
What makes this more interesting is Proposition 56, which could increase the tax cost by about $2 per pack. As if smoking wasn't pricey enough. Note that Proposition 56 is taking place in California, and affects more people than any other state due to population size. I almost feel bad. $8 for a single pack? Time to pack up and leave the state if you're a hardcore smoker.
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