TOKYO, Aug 22 (News On Japan) –
Japan Tobacco Inc. (JT) has introduced its acquisition of main U.S. tobacco firm, Vector Group. The acquisition value is anticipated to be roughly $2.4 billion, equal to round 378 billion yen, resulting in the total subsidiarization of Vector Group.
With this acquisition, JT’s market share within the U.S. is projected to broaden from 2.3% to roughly 8%.
Source: テレ東BIZ