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Trading: TSX: ROC
Jump to full article: Canada Newswire (CNW) (ca), 2008-08-07
Author: ROTHMANS INC.
Intro: Rothmans Inc. ("Rothmans" or the "Company")
announced today that Philip Morris International Inc. ("PMI") has mailed its
previously announced offer to all Rothmans shareholders to purchase all of the
outstanding common shares of Rothmans for $C30.00 per share in cash (the
"Offer"). The Offer and the take-over bid circular of PMI are accompanied by
Rothmans' directors' circular which confirms that the Rothmans Board of
Directors, acting upon the unanimous recommendation of its Special Committee,
has determined that the Offer is fair from a financial point of view to the
shareholders of Rothmans and is in the best interests of the Company and that
the Rothmans Board of Directors is recommending that the shareholders accept
the Offer and tender their common shares to the Offer.
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