Jump to full article: Financial Times (uk), 2009-10-15
Author: Courtney Weaver
Intro: Swedish Matchrose sharply on Friday afternoon on speculation Philip Morris of the US was planning a bid.
The shares initially rose as much as 9 per cent but the stock fell back to close 3.8 per cent higher at SKr151.50.
An analyst in Stockholm, quoted by Reuters, noted this was not the first time the two tobacco groups had been linked. But he added: “Given the consolidation in the tobacco industry and given the size [of Swedish Match] you wouldn’t rule it out.” Swedish Match declined to comment.
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