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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco announced the repurchase of 120,697 ordinary shares as part of its ongoing buyback program, following shareholder approval. This transaction, conducted through Merrill Lynch International, is part of the company’s strategy to manage its capital structure effectively, potentially impacting shareholder value positively by reducing the number of shares in circulation.
More about British American Tobacco
British American Tobacco is a global company in the tobacco industry, primarily known for manufacturing and selling cigarettes and other nicotine products. Its market focus includes a wide range of tobacco brands and it operates in numerous countries worldwide.
YTD Price Performance: 16.25%
Average Trading Volume: 5,180,044
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £73.67B
For an in-depth examination of BATS stock, go to TipRanks’ Stock Analysis page.
