British American Tobacco (BAT) listed on the Nasdaq? That would look out of place. But some folks are taking this smoky speculation quite seriously.
It seems there is a notion that BAT should consider separately listing its new-generation products (NGP) segment — which I wrote about two weeks ago — on the Nasdaq. The NGP segment — comprising tobacco heated products (THP), vapours (e-cigarettes) and modern oral — is still running in the red after heavy investment on research & development, marketing and distribution...
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