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Buy Rothmans, get sued 

Rothmans Inc. investors are no doubt celebrating Thursday's $2-billion takeover bid from Philip Morris International Inc., which values the Rothmans shares at $30 - a hefty premium when you consider that the shares have never traded that high (accounting for a recent share split). But what about Philip Morris investors?

According to Adam Spielman, an analyst at Citigroup, the deal increases the risk profile of the U.S.-based company, which was spun off from Altria Group Inc. earlier this year, simply because the legal environment in Canada is the most hostile toward tobacco companies anywhere outside the United States. Indeed, he doesn't like the deal, even after considering that Rothmans is a cash cow

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