British American light up with Indonesian deal (Dealscape

British American Tobacco plc agreed Wednesday to pay $494 million for an initial 85% stake in PT Bentoel Internasional Investama Tbk to expand in the developing and lightly regulated Indonesian tobacco market.

The sellers include conglomerate Rajawali Group. British American will follow the initial purchase with a general offer to all shareholders at 873 rupiah (9 cents) per share, a 20% premium over Bentoel's Tuesday closing price.

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NOT A SUBSCRIBER? British American light up with Indonesian deal Posted on June 17, 2009 5:00 PM British American Tobacco plc agreed Wednesday to pay $494 million for an initial 85% stake in PT Bentoel Internasional Investama Tbk to expand in the developing and lightly regulated Indonesian tobacco market. The sellers include conglomerate Rajawali Group. British American will follow the initial purchase with a general offer to all shareholders at 873 rupiah (9 cents) per share, a 20% premium over Bentoel's Tuesday closing price. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 379 in-depth reports of M&A deals in the Food sector 221 articles related to British American Tobacco plc 20 company pages related to Tobacco 9 company pages related to Indonesia 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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