Tobacco.org

Shareholders of DIMON Incorporated and Standard Commercial Corporation Approve Merger 

Independent leaf tobacco merchants DIMON Incorporated (NYSE: DMN) and Standard Commercial Corporation (NYSE: STW) are pleased to announce that, at separate special meetings held today, their respective shareholders approved the merger of the two companies.

More than 35 million of DIMON's outstanding shares were voted, with approximately 77% of total shares outstanding voted in favor of the merger proposal. More than 10 million of Standard's outstanding shares were voted, with approximately 74% of total shares outstanding voted in favor of the merger proposal.

Jump to full article »