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JERUSALEM (AP) — Israel's Benjamin Netanyahu might be upbeat these days: The economy is growing, his opposition is weak and the incoming Trump administration seems friendly, even to the much-maligned Jewish settlements in the West Bank. Instead, the long-serving leader is mired in a series of eye-popping corruption investigations in a country that has already jailed a prime minister and president.
British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before BAT's first offer was made public. Reynolds, the maker of Camel and Newport cigarettes, rejected an initial approach in November, although the two sides remained in talks.