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UST HQ will leave Stamford  

Jump to full article: Stamford (CT) Advocate, 2009-01-06
Author: Peter Healy Staff Writer

Intro:

The headquarters of UST Inc. is slated to leave the city this year after tobacco giant Altria Group Inc. completes its purchase of the smokeless tobacco maker this week, according to sources.

Richmond, Va.-based Altria parent company of Philip Morris USA, will close its $10.3 billion purchase of UST today or Wednesday, Altria spokesman David Sylvia said Monday.

Sylvia declined to comment on whether UST headquarters will remain in Stamford, saying Altria will release more details about the effects of the acquisition after it happens.

A real estate broker who spoke under condition of anonymity said UST might keep a few executives at its leased offices in the High Ridge Park office complex.

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