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Rothmans Inc. announces take-over offer by Philip Morris International 

Rothmans Board Recommends Shareholders Accept C$30.00 Per Share All Cash Offer
Jump to full article: Canada Newswire (CNW) (ca), 2008-07-31
Author: ROTHMANS INC.

Intro:

Rothmans Inc. announced today that it has entered into a definitive support agreement with Philip Morris International Inc. ("PMI") that provides for an offer to be made by PMI, by way of a take-over bid, to all Rothmans Inc. shareholders to purchase all of the outstanding common shares of Rothmans Inc. for C$30.00 per share in cash (the "Offer"). The Offer has the full support of the Board of Directors of Rothmans Inc. The transaction values Rothmans Inc. at approximately C$2 billion.

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