British American Tobacco Stock Sinks on $31.5 Billion Impairment

British American Tobacco stock sank to decade-plus lows Wednesday, after the maker of Dunhill and Lucky Strike cigarettes warned of a likely $31.5 billion write-down tied to its U.S. brands. BAT's London-traded stock (UK:BATS) recently stood 8% lower at slightly less than 23 pounds a share. BAT…

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