By Paul Sandle LONDON (Reuters) - British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal that would bring together Newport, Kent and Pall Mall cigarettes in the world's biggest listed tobacco company. The takeover would give BAT a leading position in the high-value United States market and more premium brands such as Camel which it can sell in countries including Russia and Turkey where demand for Western cigarettes is still growing. The British group, which already has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares, representing a premium of 20 percent over the closing price of Reynolds stock on Thursday.
The head of a Bangladeshi Islamist group accused of staging a deadly siege at a cafe and the killing of several foreigners died while trying to evade arrest earlier this month, security officials said Friday. Abdur Rahman died in hospital on October 8 after jumping from the fifth floor of a building on the outskirts of Dhaka during a raid by the Rapid Action Battalion (RAB), an elite security unit. The identity of Rahman, who was leader of the Jamayetul Mujahideen Bangladesh (JMB), was later confirmed through his possessions and by his family, who were shown pictures of his body, the RAB said in a statement.
KIRKUK, Iraq (AP) — Islamic State militants armed with assault rifles and explosives attacked targets in and around the northern Iraqi city of Kirkuk early Friday in an assault that appeared aimed at diverting Iraqi security forces from a massive offensive against the IS-held city of Mosul.