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Jump to full article: The Wall Street Journal Interactive Edition, 1999-06-03
Author: Dow Jones Newswires
Intro: An offer by a unit of Japan Tobacco Inc. (J.JTB or 2914) for outstanding shares in the Malaysian unit of R.J. Reynolds Tobacco at 3.94 ringgit a share ($1=MYR3.8) isn't likely to get many takers, analysts said Thursday.
"The price is very low so there is no reason for anyone to take it up," said one Kuala Lumpur-based analyst covering the tobacco industry.
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