I doubt RAI share holders will approve this deal. Which is why the shares are dropping like a rock.
BAT holds 42%; they and the other institutionals will say 'yes'
Of course it will be approved. Everyone who bought today is essentially in the green. With RAI at $60, LO is valued at $50.50 + 0.2909 ($60) = $67.95. That is currently 10% higher than what I paid for. So I will be voting in favor of it.
Yell u the LO share holder will vote yes, but RAI share holder will vote it down.