Categories
· Business (Tobacco)
non-USA, by Country
· Europe
Organizations
· BAT
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Jump to full article: Reuters, 2008-06-09
Intro: The European Commission on Monday delayed its decision on whether British American Tobacco can buy Skandinavisk Tobakskompagni's (ST) cigarette business for 2 billion pounds ($3.94 billion).
BAT wants to buy 100 percent of the cigarette assets of privately owned, Denmark-based ST with snus and roll-your-own tobacco in an immediately earnings-enhancing deal.
The Commission said the decision was delayed to June 27 from June 13, so that customers and competitors could review potential remedies that BAT has offered.
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