Camel, Newport among brands seeing write-down of $34 billion by owner British American Tobacco

British American Tobacco on Thursday said it was taking a £27.3 billion ($34.5 billion) writedown on the value of its U.S. cigarette brands.The cigarette maker had previously said it was going to take a big write-down, which it estimated in December would be around £25 billion.According to data from Calcbench, there hasn’t been a writedown this large by a U.S.-listed company since AOL’s $35.6 billion write-off in 2014. BAT is writing down the value of Newport over 20 years, and Camel, Natural American Spiri ...