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JTI close to securing GallaherJTI close to securing Gallaher
15-Jan-2007
Japan Tobacco International (JTI) is poised to acquire UK rival cigarette manufacturer Gallaher after placing an offer valuing the company at £7.5bn ($14.5bn)
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Following widespread rumours that a deal was imminent, JTI proposed buying Gallaher shares from stakeholders for £11.40 ($22) each. The offer was endorsed by Gallaher’s board of directors and the........
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