Offers 15.00 usd/Vector share in agreed deal (Il Sole 24 Ore Radiocor) - Tokyo, 21 Aug - Japan Tobacco (JT) said that it has reached an agreement to buy Vector Group (VGR), the fourth largest tobacco company in the US, for about 2.4 billion dollars.

JT will conduct a tender offer for all outstanding shares of VGR at 15.00 dollars each, through Vapor Merger Sub Inc., an entity it established for the purpose of the acquisition. The transaction, which is unanimously supported by the board of directors of VGR, is expected to be completed by the end of 2024, it added.

Following closing, VGR will be a wholly owned consolidated subsidiary of JT and be delisted from the New York Stock Exchange.

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(RADIOCOR) 21-08-24 12:58:32 (0251) 5 NNNN