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The total consideration for the remaining 57.8% of Reynolds would be $47 billion, of which approximately $20 billion would be in cash and $27 billion in BAT shares, it said on Friday

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That is the takeaway from a recent study published in the New England Journal of Medicine that looked at e-cigs and found disturbing news about the product that has created a $1.5-billion industry: High levels of formaldehyde are created by the vaping process that produce about 15 times the levels produced by tobacco cigarettes