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Imperial offer to buyout of Altadis fails… for now.

Posted By: Doug on Tuesday Mar 20, 2007
Filed Under: Cigar Industry

Quick Update:
Altadis rejected the buyout offer from imperial (7.8 Billion GPB / 11.5 Billion Euro) saying Imperial’s offer had failed to “reflect the strategic value of the company, its unique and diversified assets, as well as [its] future growth prospects.”

Imperial is reportedly considering a new offer.
Perhaps Altria will get a chance after all.

Source: TimeOnline

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13 comments so far:

whoa, international fans!

Posted by: ColbyPants on March 21, 2007 at 6:39 pm

…. and *Poof* !! … they’re gone.
(I’m sure it was spam)

Posted by: Doug on March 22, 2007 at 4:50 pm

Doug: nope, it was as far as I can see at trackback or something similar. Sorry if it screwed things up. I’m not 100% accustomed to the interface of the Wordpress blog functions