Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4 bln

Vector

21/08/2024 11:12

TOKYO, Aug 21 (Reuters) - Japan Tobacco  2914.T  (JT)
agreed to acquire Vector Group  VGR.N , the fourth largest
tobacco company in the United States, the Japanese company said
on Wednesday, in an equity transaction estimated at around $2.4
billion. 
    A JT-backed company will launch a tender offer for Vector
shares at $15 per share to raise its stake in Vector from zero
to 100%, JT said.

 (Reporting by Kantaro Komiya; Editing by Louise Heavens)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))