Tobacco

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Japan Tobacco Inc to acquire Logic Technology Development LLC (Logic)

Thursday, 30 Apr 2015 02:15am EDT

Japan Tobacco Inc:Entered into an agreement to acquire Logic Technology Development LLC (Logic).Executive management team of Logic will remain with JT Group post-acquisition in order to benefit from their extensive knowledge and experience of the US e-cigarette market.Transaction will be funded by Group's existing cash and loan facilities, with an expected minor effect on the Group's consolidated performance for fiscal year 2015.Expects to complete acquisition in Q3 fiscal year 2015 following regulatory clearance.

ITC Ltd in talks to buy Century's paper business-Business Standard

Thursday, 23 Apr 2015 01:16am EDT

ITC Ltd:Is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal-Business Standard.

BAT updates tender offer bid price for Souza Cruz SA

Tuesday, 24 Mar 2015 08:01am EDT

Souza Cruz SA:Says British American Tobacco Americas Prestacao de Servicos Ltd's updated tender offer price is of 26.13 Brazilian reais per company's share.The price change due to deduction from the original price of 26.75 reais per share of the dividend approved on March 19 amounting to 0.61 reais and own capital interest of 0.01753 real per share approved on March 23.

Gilla Inc agrees to acquire E-Liquid Manufacturer

Monday, 23 Mar 2015 09:32am EDT

Gilla Inc:Enters into letter of intent to acquire all of issued and outstanding shares of a florida based e-liquids manufacturer.Says is to pay to vendors $1.5 million in total consideration as a combination of cash, stock and a vendor-take-back loan, representing a purchase multiple of about 4 times earnings before interest, taxes, depreciation and amortization.Says purchase price will be payable as $600 thousand in cash, $600 thousand in stock and issuance of a $300 thousand non-interest bearing vendor-take-back loan due 18 months from closing.Says transaction is expected to close on or before May 15.

BAT updates tender offer bid price for Souza Cruz SA

Friday, 20 Mar 2015 08:25am EDT

Souza Cruz SA:Says British American Tobacco Americas Prestacao de Servicos Ltd's updated tender offer price is of 26.14 Brazilian reais per company's share.The price change due to deduction from the original price of 26.75 reais per share of the dividend approved on March 19 amounting to 0.61 reais.

BAT launches tender offer over Souza Cruz SA

Wednesday, 4 Mar 2015 06:54am EST

Souza Cruz SA:Says that on March 2, its controlling shareholder, through its controlled company, British American Tobacco Americas Prestacao de Servicos Ltd, filed a request for registration of a tender offer to acquire up to all the free float common shares of the company.Number of shares is 378,068,610; representing 24.74 pct of its share capital.Offer at the price per share of 26.75 Brazilian reais per share.Aiming of this proposal is to delist the Souza Cruz as a publicly-held company.

BAT considers buying remaining stake in Souza Cruz SA

Monday, 23 Feb 2015 06:54am EST

Souza Cruz SA:Says that British American Tobacco International (Holdings) BV ("BAT"), its controlling shareholder, informed that it is evaluating a possible public tender offer to acquire up to all shares of the company and delist it.Company's shares held by non-controlling shareholders represent 24.7 percent of total shares issued.Any offer for the company's shares would be at a price per share of 26.75 Brazilian reais, to be paid in cash and to be reduced by any dividend paid by the company.The price per share represents a 30 percent premium to the company's volume weighted average closing share price over the three months ending on Friday Feb. 20, being the last trading day before the date of announcement.There can be no certainty that any offer will be made, the related terms of any such offer nor that any delisting will occur.BAT informed the company that it intends to complete within 30 days all relevant analyses and considerations in its evaluation of whether and on what terms to proceed with the offer.

Essentra plc completes acquisition of Specialty Plastics

Friday, 20 Feb 2015 02:01am EST

Essentra plc:Completed the acquisition of Specialty Plastics for an undisclosed cash consideration, funded from the company's existing facilities.

ITC Ltd to acquire Johnson & Johnson's brands-Business Standard

Friday, 13 Feb 2015 01:35am EST

ITC Ltd:Entered into an agreement with Johnson & Johnson to acquire its brands, 'Savlon' and 'Shower To Shower', in India-Business Standard.

Essentra PLC completes acquisition

Friday, 30 Jan 2015 05:16am EST

Essentra PLC:To confirm the completion of the acquisition of 100 pct of the share capital of the entire Specialist Packaging Division of Clondalkin Group (Clondalkin SPD) with effect from Jan. 30.The acquisition of Clondalkin SPD is consistent with Essentra's Drive for 2020 strategy of complementing balanced, profitable organic growth with value-adding acquisitions.Clondalkin SPD is global provider of broad suite of speciality secondary packaging solutions for the pharmaceutical and health & personal care industries, and transforms Essentra's position in these targeted end-markets.

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