Tuesday, April 10, 2007

Altadis rebuffs improved $16 bln Imperial approach

(Reuters) - "The board believes that the revised Imperial proposal ... reflects neither the strategic value of the company nor the diversity of its unique assets, nor its future growth prospects, and so it has unanimously decided to reject it," Altadis said in a statement.

Imperial, which makes Lambert & Butler and Richmond cigarettes in Britain, and West and Davidoff in Germany, declined to comment.


Read more at Reuters.com Business News

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