Tobacco
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Imperial approached Altadis last Wednesday with a 45-euro-a-share bid and looked for friendly talks. But the Madrid-based group rejected the bid late Friday, and a person familiar with Altadis said 53 euros a share would be an "adequate" value.
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Britain's Imperial Tobacco will continue to push for a deal to acquire Franco-Spanish tobacco company Altadis, which rejected an offer of 45 euros ($59) a share.
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Here some of Friday's big movers on European stock markets: Boehler-Uddeholm, Verbund, Thomson, Bekaert, Imperial Tobacco, Unilever, TUI, Dexia and Pirelli.
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Here some of Thurday's big movers on European stock markets: Altadis, Imperial Tobacco, Pirelli, Cap Gemini, Swedish Match, Omega Pharma and AstraZeneca.
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Britain's Imperial Tobacco on Thursday confirmed it had made a bid approach to Altadis at 45 euros a share in cash valuing the Spanish firm at 11.5 billion euros ($15.2 billion).
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In a market like this, the best offense is a good defense. And there’s no better play than cigarettes for that game plan.
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Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
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British tobacco firm Gallaher Group Plc, which is being taken over by Japan Tobacco, on Friday reported a 4.9% rise in 2006 profits and said current trading is in line with expectations.
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A closely divided U.S. Supreme Court overturned a $79.5 million punitive-damages award against Altria Group's Philip Morris USA unit, in what is being seen as a victory for both the tobacco company and the corporate world.
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The U.S. Supreme Court today declined to hear a constitutional challenge by tobacco companies to Minnesota's 75-cent-per-pack health impact fee on cigarettes.
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Britain's Imperial Tobacco said on Thursday it had agreed to buy Commonwealth Brands, the fourth-biggest cigarette maker in the United States, for 974 million pounds ($1.9 billion) in cash.
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It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.
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Fourth-quarter earnings of $1.27 outpaced a Thomson Financial consensus estimate of $1.22 a share in the fourth quarter. Last year, Altria earned $1.17 a share.
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Imperial Tobacco Group, which makes Lambert & Butler and Embassy cigarettes, said Tuesday it expects full-year earnings to meet its forecasts after the company cut costs and won market share.
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A new study shows tobacco companies increased the nicotine content in cigarettes by about 11% over seven years.
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Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
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Shares of Japan Tobacco halted their recent bull run, falling more than 4% as market participants said the company's plan to buy British cigarette maker Gallaher Group is now factored into the stock price.
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Japan Tobacco said on Friday it would buy Britain's Gallaher Group for $14.7 billion in the biggest-ever foreign acquisition by a Japanese company.
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Britain broke European Union rules by taxing dividends received by U.K. companies from units elsewhere in the bloc, the EU's top court said on Tuesday in a ruling that will force London to repay huge rebates.
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Germany lost its bid on Tuesday to overturn European Union rules that ban tobacco advertising and sponsorship after Europe's highest court upheld laws passed by EU governments and the European Parliament.