(adds detail from Imperial Tobacco statement)
Jump to full article: AFX News, 2008-04-23
Intro: Philip Morris International said it agreed to buy the Interval trademark and certain other trademarks from Imperial Tobacco Group PLC for 254 million euros ($405.4 million).
Philip Morris expects the deal to add 1 cent a share to earnings.
The deal, which is expected to close by the end of the second quarter, is subject to approval by the European Commission and other local regulatory agencies.
In a separate statement, Imperial Tobacco said the divestment of a small number of brands in certain European markets was a condition of the European Commission's approval of its buy of Franco-Spanish rival Altadis.
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