Categories · Business (Tobacco)
· Smokeless
Organizations · MO
· UST
|
Jump to full article: Reuters, 2008-02-01 Author: Brad Dorfman and Jessica Hall
Intro: A long anticipated deal by Altria Group Inc to buy smokeless tobacco company UST Inc could be reached within months, but the price remains the toughest sticking point, sources familiar with the potential deal said on Friday.
UST shares closed 5.8 percent higher on Friday amid market speculation a deal was looming, analysts and investors said. Altria stock shed 0.5 percent.
UST and Altria declined to comment.
Jump to full article » |