BAT or Japan Tobacco, if anybody. Anti-trust issues aside, the debt burden on RAI would be staggering. Admittedly selfishly, as I'm long on both LO and RAI, I'd much prefer one of the foreigns if LO is to be snatched up.
Two negatives as respects RAI as a suitor: i) potential anti-trust charges by SEC; and ii) more importantly, LO's market cap now about $11.8 billion, would equal just under $14 billion @ $90/share. IMO, that's way too rich for RAI's size.
I believe IF there were a suitor it would be non-U.S. and pretty big. PM with a market cap of c. $93 billion could fit the bill financially, but do they want to get back in the U.S. having split off from Altria recently?