The Deal
Sunday, July 5, 
12:22 am

Philip Morris extends bid for Rothmans

  Share     E-Mail    Discussion    Print Story
Published September 5, 2008 at 3:15 PM
rothmans.gifTobacco producer Altria Group Inc. is smoking today. Not only is the group apparently in advanced talks to buy UST Inc. for more than $10 billion, but its spinout, Philip Morris International Inc., has extended its offer to buy Rothmans Inc. to Sept 16, according to a Reuters report.


Continue reading below

Also on Dealscape

The extension relates to the last required regulatory approval for the deal. Philip Morris offered C$2 billion ($1.95 billion) for the remaining 60% stake in Canada's No. 2 cigarette maker on July 31. - Maria Woehr

See Dealscape: Who wins in UST-Altria?
See story from Reuters
See TheDeal.com: Philip Morris nets Rothmans

Tags

Categories



Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: SecondMarket's Silbert on helping VCs achieve pre-IPO liquidity for their investments.

More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Potential FBAR filing changes

By Jennifer E. Eller and Michael P. Kreps, Groom Law Group

Offshore hedge funds and private equity funds may be 'financial accounts' for which investors must file FBAR.


Industry Insight

Finger on the pulse

By Mark A. Coleman, Laurus Transaction Advisors

Things PE investors should keep in mind to maintain the support and commitment from their lenders and limited partners.


Industry Insight

Closing the tough deal

By Chelsea A. Grayson and Mary C. Warner, Jones Day

Terms and structures now used to get deals done are post-closing purchase price payments, earnouts, simultaneous acquisitions, rollups, payments in kind and joint ventures.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.