(Adds details of merger)
Jump to full article: The Wall Street Journal Interactive Edition, 2009-10-20
Author: I Made Sentana Of DOW JONES NEWSIRES
Intro: Cigarette maker PT BAT Indonesia (BATI.JK) said Tuesday it plans to merge with sister company PT Bentoel Internasional Investama (RMBA.JK) in order to create a stronger entity.
"The combined market share of the two companies is expected to be around 8%," BAT Indonesia, a unit of British American Tobacco PLC (BTI), said in a joint statement with Bentoel.
It said each BAT Indonesia share will be exchanged for 7.68 Bentoel shares.
The merger proposal follows the 99.74% acquisition of Bentoel's shares in July by British American Tobacco.
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