Japanese Companies Go on Biggest Buying Spree Since Market Bubble of 1980s Aug 26, 2008
which bought U.K.-based Gallaher Group Plc in 2007 in Japan's largest foreign takeover, expects gross profit in overseas markets to climb 10 percent this year, while domestic earnings are forecast to fall 15 percent as the number of smokers declines. To contact the reporter for this story: in Tokyo at. (Bloomberg -- Japan)
Japan Tobacco's Sales Grow 40 Pct on Rival Acquisitions Jul 31, 2008
said Thursday its group sales for April-June grew 41. 0 pct from a year before to 1,719,819 million yen thanks to a string of acquisitions of rival companies. (JCN Network, Japan)
OFT fines Gallaher, Asda and four other firms 132m Jul 13, 2008
Japan Tobacco, which took over Gallaher Group in April 2007, pointed out the events under consideration took place before the acquisition. Similarly, Tesco emphasised that its acknowledgement of wrong-doing with regards to its One Stop Stores chain was because of the timing of the subsidiary's takeover. (Independent)
INTERVIEW-Japan Tobacco: difficult to raise cigarette prices Jul 7, 2008
Japan Tobacco last year acquired Britain's Gallaher Group for about $15 billion to vastly increase its international sales. For the fourth quarter ended March 31, Japan Tobacco's operating profit was 63. (AlertNet)
Eisai Sells 120 Billion Yen of Bonds to Fund Its Takeover of MGI Pharma May 29, 2008
Brewer and beverage maker , sold 200 billion yen of debt in March to help pay for its purchases of Australia's National Foods Ltd. and domestic drug firm , the world's third-largest publicly traded cigarette maker, raised 150 billion yen from bonds in July to repay debt for Gallaher Group Plc. Japan's biggest drugmaker, faces less financial stress from its $8. (Bloomberg -- Japan)
Etihad boss still calls Australia home Apr 12, 2008
Skip directly to: Search Box, , , Text Version. The majority of my staff are expats, so it has a very multicultural feel to the place. (Sydney Morning Herald -- Business)
Despite Regulations, Tobacco Products Worth $374 Billion to be Smoked Away by 2010, According to New Report by Global Industry Analysts, Inc. Mar 18, 2008
Major players in the marketplace include Agio Cigars, Altadis, Arnold Andre, British American Tobacco, China National Tobacco, Djarum, Gallaher Group, Godfrey Phillips, Habanos, Imperial Tobacco Group, ITC, Japan Tobacco, Korean Tobacco, Liggett Group Inc, Philip Morris, Reynolds American, Souza Cruz, Swedish Match, Swisher International and Vector Tobacco. "Tobacco Products: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of... (Yahoo News -- Press Releases)
BAT Reports Higher Profit, Buys ST Group's Cigarette Business Feb 28, 2008
Takeovers such as Japan Tobacco Inc.'s purchase of Gallaher Group Plc in April have cut the number of companies in the industry, giving those that remain more leverage to increase prices. Pall Mall, Nanotek. (Bloomberg)
BAT Buys ST Group's Cigarette Unit for $4.1 Billion, Says Profit Rises 12% Feb 28, 2008
Takeovers such as Japan Tobacco Inc.'s purchase of Gallaher Group Plc in April cut the number of companies in the industry, giving those that remain more leverage to increase prices. BAT said it aims to reach annual savings of 800 million pounds by 2012 after cutting 1 billion pounds of costs in the past five years. (Bloomberg -- Europe)
Stocks Decline, Ending Worst Week in a Month, Led by Industrial Companies Feb 8, 2008
4 percent to 604,000 yen after the nation's largest cigarette maker said nine-month profit increased 15 percent, helped by overseas sales from its takeover of U.K.-based Gallaher Group Plc. Kirin Holdings Co. led advances by food companies after Japan's biggest beverage maker said profit in the year ended Dec. 31 rose 25 percent on an 8. (Bloomberg -- Japan)
Japanese Stocks Decline, Led by Komatsu; Wesfarmers Climbs in Australia Feb 8, 2008
4 percent to 604,000 yen after nine-month profit increased 15 percent, helped by its takeover of U.K.-based Gallaher Group Plc. To contact the reporter for this story: Patrick Rial in Tokyo at ; Emma O'Brien in Wellington on. (Bloomberg -- Asia)
Loews to spin off Lorillard tobacco unit Dec 18, 2007
Japan Tobacco bought a British cigarette company, Gallaher Group, this year, while the Spanish company Altadis is being acquired by Imperial Tobacco Group. Carolina Group has risen about 37 percent this year, compared to a 3. (International Herald Tribune -- Business Asia)
Altadis Nine-Month Profit Climbs 14 Percent Amid Cigarette Price Increases Nov 16, 2007
5 billion pounds for Gallaher Group Plc. In addition to buying Altadis, Imperial in February agreed to buy Commonwealth Brands for $1. (Bloomberg -- Europe)
The Market for Tobacco in Russia Increased Between 2001-2006, Growing at an Average Annual Rate of 3.3% Nov 7, 2007
The leading company in the market in 2006 was Altria Group, Inc. The second-largest player was British American Tobacco plc with Gallaher Group Plc in third place ... - Gallaher Group Plc. (BusinessWire)
Record takeovers of British firms to tail off amid credit woes Sep 5, 2007
0 billion dollars) acquisition of British rival Gallaher Group in April. Meanwhile, the ONS said that acquisitions abroad by British companies quadrupled in value to 16. (Yahoo News -- Pharmaceutical Industry News)
Japan Tobacco Seeks More Takeovers After Gallaher, President Kimura Says Aug 31, 2007
5 billion pound ($15 billion) purchase of Gallaher Group Plc, President Hiroshi Kimura said. Further acquisitions ``would be realistic from 2009,'' Kimura said in an Aug. 29 interview. (Bloomberg -- Japan)
Japan Tobacco profit drops, forecasts growth on Gallaher deal Aug 10, 2007
2 percent in the latest quarter but the company also said Thursday that it expects growth from its acquisition of Britain's Gallaher Group. Profits for the three-month period ending in June fell to 64. (San Diego Union-Tribune -- Business)
BAT Profit Rises 6.4% as Cigarette Prices Increase (Update2) Jul 27, 2007
Japan Tobacco Inc. bought Gallaher Group Plc in April, and Imperial Tobacco Group Plc offered last week to acquire Altadis SA.. BAT is one of the best-positioned tobacco companies to benefit from price increases,'' said Erik Bloomquist, an analyst at JPMorgan Chase & Co. in London who has an ``overweight'' rating on the stock. (Bloomberg)
BAT quarterly profit smokin' Jul 27, 2007
Japan Tobacco bought Gallaher Group in April, and Imperial Tobacco Group offered last week to acquire Altadis. The British cigarette maker said net income climbed to 584 million (R8. (Business Report, South Africa)
BAT Second-Quarter Profit Rises 6.4 Percent as Prices of Cigarettes Climb Jul 26, 2007
Japan Tobacco Inc. bought Gallaher Group Plc in April, and Imperial Tobacco Group Plc offered last week to acquire Altadis SA.. The consumer is going to pay and probably is prepared to pay substantially more,'' said Thomas Russo, who holds BAT shares among the more than $3 billion in assets he helps manage at Gardner Russo & Gardner in Lancaster, Pennsylvania. (Bloomberg -- UK)
Altria, Tobacco Rivals Thrive on Global Death Wish Jul 21, 2007
Last year, Japan Tobacco Inc. agreed to buy the U.K.'s Gallaher Group Plc. Tobacco companies say they must merge to cut costs in the face of smoking bans in places ranging from British pubs to German railway stations. (Bloomberg -- Columnists)
* World Business Quick Take Jul 19, 2007
5 billion for Gallaher Group Plc. SUPERMARKETS Delta approaches Sainsbury J Sainsbury PLC, Britain's third-largest supermarket group, said yesterday it received a potential takeover approach from Delta Two Ltd, a Qatari investment group. (Taipei Times, Taiwan -- World)
Imperial Tobacco agrees to buy Altadis for €12.6 billion Jul 19, 2007
Japan Tobacco in December agreed to buy Gallaher Group, the maker of Benson & Hedges cigarettes in Europe, for 7. 5 billion, or $15 billion, and Imperial earlier this year paid $1. (International Herald Tribune -- Business)
Japan Tobacco to Sell $1.2 Billion in Bonds to Help Fund Gallaher Purchase Jul 2, 2007
2 billion) of bonds to repay debt for the purchase of Gallaher Group Plc. Tokyo-based Japan Tobacco hired Daiwa Securities SMBC Co. and Nomura Holdings Inc. to handle the sale, said Yukiko Seto, a spokeswoman for Japan Tobacco. (Bloomberg -- Japan)
English Smoking Ban on July 1 May Squeeze Short Sales of Imperial, BAT Jun 24, 2007
He said the ban won't affect credit ratings of Bristol, England-based Imperial Tobacco or Gallaher Group Plc, which is now owned by Japan Tobacco Inc.. The drop in consumption can be recouped in 12 to 18 months through price increases, said Allilaire, who is based in London. (Bloomberg)
Smoking bans in Europe haven't hurt tobacco companies Jun 23, 2007
He said the ban would not affect credit ratings of Imperial Tobacco, based in Bristol, England, or Gallaher Group, which is now owned by Japan Tobacco. The drop in consumption can be recouped in 12 to 18 months through price increases, said Allilaire, who is based in London. (International Herald Tribune -- Business)
Shares Slip in Tokyo, Led by Sompo; Japan Tobacco, Trading Companies Gain May 24, 2007
Japan Tobacco, commonly referred to as JT, agreed on Dec. 16 to buy Gallaher Group Plc for 7. 5 billion pounds ($14. (Bloomberg -- Japan)
Private equity groups offer 12.8 billion for Altadis May 5, 2007
9 billion, acquisition of Gallaher Group. Today in Business. (International Herald Tribune -- Money Report)
* Japan caught in the grip of merger mania Apr 29, 2007
In late 2005, toymaker Takara Co launched a board game called "Game of Life Mtap growing public fascination with the trend. But it pulled the product last year after its chief inspiration, freewheeling entrepreneur Takafumi Horie, was arrested for accounting fraud at Internet firm Livedoor Co, a former darling of the Md. Even the merger law taking effect next month was delayed for a year by lawmakers so Japanese companies had time to ready takeover defenses like so-called "poison pills,"... (Taipei Times, Taiwan -- World)
Citigroup inks Japan's largest foreign buyout Apr 29, 2007
M&A activity hit an all-time high last year, and Japan Tobacco recently notched the country's biggest takeover of a foreign company, with its $15 billion buyout of Britain's Gallaher Group, a deal finalized earlier this month. Nikko Cordial barely escaped removal from the Tokyo Stock Exchange's first section after it was fined 500 million yen ($4. (MSNBC -- Business)
Citigroup completes $7.7 billion deal for Nikko Cordial Apr 27, 2007
99 billion) buyout of Britain's Gallaher Group, a deal finalized earlier this month. Nikko Cordial's shares opened up 0. (International Herald Tribune)
Citigroup wrapping up bid for Nikko Cordial Apr 26, 2007
Merger-and-acquisition activity hit an all-time high last year, and Japan Tobacco recently notched the country's biggest takeover of a foreign company with its $15 billion buyout of Britain's Gallaher Group, a deal finalized earlier this month. Today in Business. (International Herald Tribune -- Business)
* Japan Tobacco Inc says Gallaher Group takeover completed Apr 19, 2007
Japan Tobacco Inc says Gallaher Group takeover completed ... Advertising Japan Tobacco Inc, the world's third-largest traded cigarette maker, bought 100 percent of Gallaher Group PLC, the maker of Benson and Hedges cigarettes in Europe, through a. (Taipei Times, Taiwan -- World)
Japan Tobacco acquires Britain's Gallaher Group for $15 billion Apr 18, 2007
Japan Tobacco acquires Britain's Gallaher Group for $15 billion - International Herald Tribune. Japan Tobacco acquires Britain's Gallaher Group for $15 billion ... TOKYO: Japan Tobacco has acquired Gallaher Group for $15 billion, both sides said Wednesday, in what was the biggest Japanese overseas acquisition ever. (International Herald Tribune -- Business)
Japan Tobacco acquires Britain's Gallaher Group Apr 18, 2007
TOKYO Japan Tobacco acquired Britain's Gallaher Group for $15-billion (U.S.) on Wednesday, both sides said, in the biggest Japanese overseas acquisition ever. Japan Tobacco Inc., the overseas distributor for Winston, Camel and Salem cigarettes, and Gallaher Group PLC had been expected to complete the deal, initially announced in December last year. (Globe and Mail -- Business)
Altadis rejects new €12 billion offer from Imperial Apr 11, 2007
7 billion, for Gallaher Group. A previous round of industry consolidation led to the merger of the former French and Spanish monopolies in 1999, creating Altadis, and leaving the famed French brand Gauloises in the hands of a Spanish company. (International Herald Tribune -- Business Asia)
Movers: Altadis gains as investors await new Imperial offer Mar 20, 2007
5 billion offer for Gallaher Group in December. Shares of Altadis rose 2. (International Herald Tribune -- Business Asia)
Altadis rejects takeover bid from Imperial Mar 19, 2007
9 billion agreement to buy Commonwealth Brands of the United States last month, and a bid by Japan Tobacco to acquire Gallaher Group in December for 7. 5 billion, or $14. (International Herald Tribune)
Altadis Shares May Climb on Speculation Imperial Tobacco Will Raise Offer Mar 19, 2007
6 billion) offer for Gallaher Group Plc in December. Shares of Altadis fell 3. (Bloomberg -- UK)
Altadis rejects Imperial's 11.5bn takeover offer Mar 19, 2007
5 billion (R109 billion) bid for Gallaher Group in December. Imperial, the maker of Lambert r, is expanding abroad as smoking bans threaten domestic growth. (Business Report, South Africa)
Imperial Tobacco Rises on Speculation Altria May Bid, Thwart Altadis Offer Mar 17, 2007
5 billion pound ($15 billion) offer for Gallaher Group Plc in December. Altria's Philip Morris International unit may try a bid now because acquiring Bristol, England-based Imperial after a successful Altadis takeover by the U.K. company would spark antitrust concerns, Erik Bloomquist, an analyst at JPMorgan Chase & Co. in London, said in a note to investors. (Bloomberg -- UK)
A Tobacco Giant Arises in Europe Mar 16, 2007
A merger of Altadis and Imperial () would follow a general industry trend in recent years toward consolidation, highlighted most recently by Japan Tobacco's buyout of British cigarette maker Gallaher Group () in December, 2006, for $19 billion (see BusinessWeek. com, 12/7/06, and 12/15/06, ). (BusinessWeek)
Imperial Tobacco makes bid for Altadis Mar 15, 2007
Tobacco mergers have increased since Japan Tobacco in December agreed to buy Gallaher Group for 7. 5 billion, or $14. (International Herald Tribune -- Business)
Europe: U.S. mortgage pain casts pall over stocks Mar 14, 2007
The report also said that Kohlberg Kravis Roberts, a private equity company, had studied buying Altadis, with a plan to sell on its cigarette and logistics businesses to Gallaher Group. Alex Parsons, a spokesman for Imperial, declined to comment. (International Herald Tribune -- Business Asia)
Shares Rise in Tokyo, Led by Sony, Sharp, After Yen Weakened in New York Mar 12, 2007
Gallaher Group Plc shareholders approved Japan Tobacco's 7. 5 billion pound ($14. (Bloomberg -- Japan)
Briefly: Japan Tobacco wins takeover nod Mar 7, 2007
5 billion, or $14 billion, takeover of Gallaher Group, the maker of Benson & Hedges cigarettes in Europe. South Africa's competition regulator also has approved the transaction, the Tokyo-based Japan Tobacco said Tuesday. (International Herald Tribune -- Business Asia)
European Stocks Decline Most in Four Years on View U.S. Growth Is Slowing Mar 4, 2007
Companies scheduled to post results next week include Gallaher Group Plc, the U.K. cigarette maker merging with Japan Tobacco Inc.; E.ON AG; Credit Agricole SA, France's second- biggest bank by assets, and Schroders Plc, the 204-year-old London money manager. Deutsche Lufthansa AG, Vallourec and HSBC Holdings Plc are also scheduled to publish results. (Bloomberg -- Europe)
Gallaher profits rise as JT takeover nears Mar 2, 2007
LONDON (Reuters) - Tobacco firm Gallaher Group (GLH.L: , ), which is being taken over by Japan Tobacco Inc (2914. T: , ), on Friday reported a 4. (Reuters.uk)
Imperial Tobacco Shares Gain on Report Altria, Altadis Plan Takeover Offer Feb 21, 2007
Speculation about takeovers in the industry has increased since Japan Tobacco Inc. agreed in December to buy Gallaher Group Plc for 7. 5 billion pounds. (Bloomberg -- UK)
Imperial Tobacco to Buy Commonwealth to Enter US (Update9) Feb 9, 2007
5 billion-pound ($15 billion) bid by Japan Tobacco Inc. for Gallaher Group Plc. Most tobacco industry acquisitions in past years have been in developing markets, where demand is growing. (Bloomberg)
British cigarette maker to buy U.S. discount brands Feb 9, 2007
5 billion, or $15 billion, for Gallaher Group. Most tobacco acquisitions in the past decade have been made to expand in developing markets, where demand is growing. (International Herald Tribune -- Business Asia)
FTSE 100 Gains, Led by Sainsbury; Tesco, Morrison, Marks & Spencer Advance Feb 3, 2007
Japan Tobacco Inc. agreed to buy Gallaher Group Plc for 7. 5 billion pounds ($14. (Bloomberg -- UK)
Tobacco lobby warns of regulation trap Jan 24, 2007
A written submission from the Gallaher Group said that the clause in the bill that will compel producers to provide information on their product composition and ingredients could offend the constitutional right to privacy and the protection of property rights. Sponsored links. (Business Day)
Japan Tobacco buys Gallaher shares in market Jan 19, 2007
Jan 18, 2007 TOKYO Reuters - Japan Tobacco <2914. The Nikkei said Japan Tobacco had bought more than 3 million shares per day between Monday and Wednesday from the market in a bid to reduce its acquisition costs and lessen the chances of another firm making a play for Gallaher. (ABC News -- Wire)
Japan's December Bank Lending Rises for 11th Month as Loan Demand Climbs Jan 12, 2007
Japan Tobacco Inc., the world's third-largest cigarette maker, on Dec. 15 agreed to buy U.K.-based Gallaher Group Plc for 2. 25 trillion yen ($19 billion) in the biggest international takeover by a Japanese company. (Bloomberg -- Japan)
Japanese M&A - the surf's up Jan 11, 2007
Late last month, Japan Tobacco announced that it was buying its British rival, Gallaher Group Plc, for about US$15 billion. This is big news for two reasons: the proposed deal is the largest-ever foreign acquisition undertaken by a Japanese company, and it marks a new assertiveness by a part of the international business community that has long been in retreat, Japanese corporations. (Asia Times Online)
British American Chief Executive Officer Says Acquisitions Aren't Needed Jan 7, 2007
Adams's comments suggest BAT has no plans to bid for Gallaher Group Plc, owner of the Silk Cut and Hamlet tobacco brands, which is the target of a $7. 5 billion takeover approach by Japan Tobacco International Inc., the Times reported. (Bloomberg -- UK)
