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BAT also expects to add about $38 billion of debt with the acquisition on top of nearly $22 billion at the end of last year, the company said in a securities filing last month

Standard packs could also be important here too, as research with schoolchildren found the drab alternatives increased visual attention to health warnings and away from branding

"Philip Morris can't kick 20-year Ferrari Formula One habit"

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So it's a product category that Big Tobacco has been doubling down on, and they were not going to let it go quietly

While e-cigarettes lack the tobacco and tar, they contain higher concentrations of nicotine than cigarettes