I guess it was worth raising the flag pole over the latest British American Tobacco for Imperial Tobacco rumour given the recent UK press coverage.
And I have been given some extra colour (attached with a RARE disclaimer) on the situation.
According to people who claim to be in the loop, British American Tobacco has been working on a takeover of Imperial Tobacco for the last year, may be looking to complete the deal by the end of 2015 and the name of secret project is "Bison".
Make of that what you will - I have tried on several occasions to stand this tale up but got nowhere.
For readers unfamiliar with RARE, here is the definition:
Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.
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