[Headlines Only] [Top Stories Only]
Categories
· Business (Tobacco)
· Rothmans
Organizations
· RJR
· Rothmans

Not the Way to Santa Fe 

Jump to full article: Convenience Store News, 2001-12-05

Intro:

Canadian tobacco company Rothmans Inc., caught in a bidding war with R.J. Reynolds Tobacco Holdings Inc. for a small New Mexican cigarette maker, said it doesn't plan to increase its offer for Santa Fe Natural Tobacco Co.

But Rothmans, which started the bidding for privately-held Santa Fe Natural in September, said it expects to receive an $11 million termination fee if R.J. Reynolds prevails. "At present, Rothmans does not contemplate increasing the value of its enhanced offer announced on Nov. 30," the cigarette maker said in a statement.

Jump to full article »