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Japan Tobacco Inc completes acquisition of leading e-cigarette brand E-Lites

Tuesday, 18 Nov 2014 07:00pm EST

Japan Tobacco Inc:Says has completed the acquisition of Zandera Ltd and says Zandera sells the most recognized range of high quality rechargeable and ready-to-use e-cigarettes in the United Kingdom.Says the acquisition was announced on June 11.

Essentra plc announces acquisition of Clondalkin SP

Wednesday, 12 Nov 2014 02:01am EST

Essentra plc:Announces that its subsidiary, ESNT International Limited, has signed an agreement to acquire the entire Specialist Packaging Division of Clondalkin Group.Says the transaction values Clondalkin SPD at about $455m, free of cash, debt, debt-equivalent items and tax assets.Says the Clondalkin Group is owned by an affiliate of Warburg Pincus.Says the consideration, which is subject to adjustments for net debt and working capital and will be payable on completion of the transaction.Says closing is anticipated to be satisfied in Q1 2015.

Essentra plc signs an agreement for acquisition of Abric Berhad's operating subsidiaries

Wednesday, 24 Sep 2014 06:05am EDT

Essentra plc:Signs an agreement for acquisition of 100 pct of the share capital of operating subsidiaries of Abric Berhad (Abric) for 146 mln ringgit, on a cash free, debt free basis.Consideration, which is subject to customary adjustments for net debt and working capital, is payable on completion of the transaction and will be funded from the Company's existing facilities.Based in Kuala Lumpur, Abric is a global manufacturer and distributor of security sealing products and solutions for use in a diverse range of growing end-markets.These include healthcare, manufacturing, energy, retail, transportation and automotive.

Imperial Tobacco Group PLC's subsidiary enters in to agreement to acquire assets from Reynolds

Tuesday, 15 Jul 2014 07:13am EDT

Imperial Tobacco Group PLC:Subsidiary of Imperial Tobacco Group PLC (Imperial or the Company) enters into purchase agreement with Reynolds American Inc. (Reynolds).For acquisition of assets, including portfolio of US cigarette brands, Winston, Maverick, Kool, Salem and US and international e-cigarette brand blu, plus the national sales force, offices and production facilities currently owned by Lorillard Inc. (Lorillard, and together, Transaction).Assets are to be acquired for consideration of $7.1 bln (4.2 bln pounds) following proposed acquisition of Lorillard by Reynolds.After adjusting for present value of the expected tax benefits of $1.5 bln.Says net acquisition cost of $5.6 bln (3.3 bln pounds) implies a multiple of 6.9 times EBITDA.

Reynolds American Inc to acquire Lorillard in transaction valued at $27.4 bln and reaches agreement with Imperial

Tuesday, 15 Jul 2014 07:00am EDT

Reynolds American Inc and Lorillard, Inc:RAI has agreed to acquire Lorillard in a cash-and-stock transaction currently valued at $68.88 per Lorillard share, or a total of $27.4 bln, including the assumption of net debt.Lorillard shareholders will receive, for each Lorillard share, $50.50 in cash and 0.2909 of a share in RAI stock at closing.RAI also reached an agreement with Imperial, under which Imperial has agreed to purchase the KOOL, Salem, Winston, Maverick and blu eCigs brands and other assets and liabilities for a total consideration of $7.1 bln in cash.RAI expects to receive net cash proceeds of about $4.4 bln after taxes.As part of the divestiture, Imperial will acquire certain assets owned by Lorillard including its manufacturing and R&D facilities in Greensboro, N.C., and about 2,900 employees, including a national sales force.Lazard is lead financial advisor to RAI and J.P. Morgan Securities LLC is financial advisor.RAI's legal advisor is Jones Day.Lorillard's financial advisors are Centerview Partners and Barclays and its legal advisor is Simpson Thacher & Bartlett.


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