BAT Considers Offer to Buy Remaining Shares in Brazilian Tobacco Firm Souza Cruz
23 Fevereiro 2015 - 3:20PM
Dow Jones News
By Tapan Panchal
LONDON--British American Tobacco PLC (BATS.LN) said Monday it is
evaluating a possible offer to acquire the remaining 24.7% shares
in Brazilian tobacco company Souza Cruz SA (CRUZ3.BR) that it
doesn't already own.
The company is evaluating an offer to acquire Souza Cruz shares
at a price of 26.75 Brazilian reals ($9.3) per share, to be paid in
cash, and to delist the company.
Shares of British American Tobacco at 1236 GMT were trading 1.3%
higher at 3,705 pence.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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