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• Rothmans To Buy Santa Fe Natural Tobacco For $275M 

Jump to full article: The Wall Street Journal Interactive Edition, 2001-09-27
Author: Cheryl Kim / Dow Jones Newswires

Intro:

Rothmans Inc. (T.ROC) has agreed to buy privately held Santa Fe Natural Tobacco Co. of Santa Fe, N.M. for US$275million in cash, shares and debt.

In a news release, the company said it also plans to increase its dividend if the acquisition is completed, and buy back 5% of its shares.

Rothmans Inc. (T.ROC) said the acquisition of Santa Fe Natural Tobacco Co. will add "significant" growth to revenues and immediately boost earnings. The move also diversifies its business away from Canada, the company said.

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