British American Tobacco PLC - London-based maker of cigarettes and vapes - Says its subsidiaries BAT Capital Corp and BAT International Finance PLC have increased the maximum purchase price of bond they intend to buy back to £1.2 billion from £1 billion. The tender offers will expire on May 13, unless extended or earlier terminated. BAT has said this repurchase seeks to optimise its debt capital structure, with units using available liquidity to reduce debt.

Current stock price in London: 2,354.00 pence, up 1.2% on Monday

12-month change: down 18%

Current stock price in Johannesburg: R 552.58, up 1.3%

12-month change: down 17%

Copyright 2024 Alliance News Ltd. All Rights Reserved.