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Jump to full article: The Wall Street Journal Interactive Edition, 2006-05-11
Author: Inti Landauro, Dow Jones Newswires
Intro: Philip Morris International's Dutch unit, GWP CV, offered to pay 11.3 billion Colombian pesos ($4.8 million) to buy the shares it doesn't already own in Colombia's largest tobacco firm, Compania de Tabaco SA (COLTABACO.BO), the stock regulator said Thursday in a filing.
GWP CV seeks to purchase 1.604% of Coltabaco or 1,019,014 outstanding shares through a public tender offer, the company had said Wednesday in a filing to the country's financial regulator.
GWP CV offered to pay COP11,100 a share, the price the stock closed the last time it traded on April 24.
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