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Imperial Forecasts Costs of $281 Million on Altadis (Update4) 

Jump to full article: Bloomberg News, 2008-03-19
Author: Thomas Mulier

Intro:

Imperial Tobacco Group Plc, the maker of Davidoff and West cigarettes, said costs related to its takeover of Altadis SA will lop 140 million pounds ($281 million) from the current fiscal year's profit.

The expenses concern the value of inventory, elimination of inter-company sales and depreciation adjustments, Imperial said today in a statement. Sales are meeting its forecast so far in the year, according to the Bristol, England-based company.

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