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Vector Group’s stock up 8% on news to be acquired by Japan’s JT Group in $2.4 billion tobacco deal
It will be conducted as a tender offer and second-step merger. After the deal closes, Vector is to become a wholly owned unit of JT. “Vector Group and JT Group share a commitment to quality and ...
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Vector Group to Sell Itself to JT Group in $2.4 Billion Deal
Tobacco company Vector Group has agreed to be acquired by Japan-based tobacco giant JT Group in a deal worth $2.4 billion. The move represents a significant expansion for JT Group in the U.S. As ...