WASHINGTON (dpa-AFX) - After gapping open sharply higher, shares of Reynolds American (RAI) have pulled back off their best levels but remain firmly positive in afternoon trading on Friday. Reynolds is currently up by 12.8 percent after reaching a record intraday high.
The initial jump Reynolds came after British American Tobacco (BTI) offered to acquire the 58 percent stake in the tobacco producer it does not already own for $47 billion.
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