Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4 bln-March 2024-www.financetom.com

Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4 bln

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Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4 bln

Aug 21, 2024 4:01 AM

TOKYO, Aug 21 (Reuters) - Japan Tobacco ( JAPAF )

agreed to acquire Vector Group ( VGR ), the fourth largest

tobacco company in the United States, the Japanese company said

on Wednesday, in an equity transaction estimated at around $2.4

billion.

A JT-backed company will launch a tender offer for Vector

shares at $15 per share to raise its stake in Vector from zero

to 100%, JT said.

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