Altadis rejects sweetened Imperial Tobacco bid

Article Abstract:

Spanish tobacco company Altadis S.A. declined a revised $16.07 bil bid offered by Imperial Tobacco Group PLC. The bid represents a 4.4% increase over the initial offer by Imperial, but, according to Altadis officials, does not represent the firm's strategic value. Imperial is not expected to raise the bid further.

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U.K.'s Imperial Tobacco gains majority stake in rival Altadis

Article Abstract:

British firm Imperial Tobacco Group PLC has acquired 95.8% of Altadis S.A. for 12.6 bil euro, and announced a 900 mil euro bid for a 40% stake in Logista S.A., a division of Altadis that distributes retail goods, newspapers, periodicals and cigarettes with sales exceeding 800 mil euro annually.

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Altadis buys stake in Moroccan-run tobacco company

Article Abstract:

Altadis S.A. has acquired a majority share of Regie des Tabacs Marocains in a deal valued at 1.29 billion euros. Altadis acquired 80% of Regie in the deal.

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