Imperial Tobacco places bid for Altadis
Posted By: Doug on Sunday Mar 18, 2007
Filed Under: Cigar Industry
Imperial Tobacco put a bid on Altadis Wed. Evening.
It’s offer was 7.9 Billion (GBP)
Altadis will be considering the offer over the next few days, though tmcnet.com says their shares rose above the offer price, suggesting Imperial might have to raise it’s bid.
The tcmnet article offers some insight into the motivations of the deal:
“… The pair make a good geographical fit - Imperial is big in the UK and Germany, while Altadis has a strong position in France and Spain. Both operate in mature markets and together they would be able to save money by cutting costs. …”
Altadis is a big name in the cigar industry with some big brands under it’s umbrella.
(Montecristo)
The full context of the industry complexities escapes here I must admit.
Apparently there’s a chance that Altria - owner of Philip Morris my make a bid for IMperial at the same time.
It’s all fine by me I guess as long as we don’t see the Marlboro man smoking a Montecristo.
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Posted by: Buy cialis onnline. on October 30, 2007 at 2:15 am