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Home > What's New > Imperial Takeover of Altadis Nearly Complete
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Imperial Takeover of Altadis Nearly Complete
Posted: Wednesday, January 23, 2008
By David Savona
The $18.4 billion acquisition of the world's largest
cigar company is nearly complete. Britain's Imperial
Tobacco PLC announced this week that 93.5 percent of
Altadis S.A. shareholders had accepted its cash offer for
the company, making the offer "unconditional." Spanish
law requires a minimum of 80 percent acceptance.
The company said the Spanish Securities and Exchange
Commission will announce the final results of the offer
on Friday.
For more on this story, see the current issue of Cigar Insider.
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