JT Group Acquires Vector Group for $2.4 Billion in Cash

Japan Tobacco Group entered a merger agreement with Vector Group Ltd. (VGR) on August 21, 2024, to acquire the U.S.-based tobacco maker for $2.4 billion in cash.

Deal Structure:

Under the terms of the deal, JT Group will offer to acquire all outstanding shares of Vector Group common stock for $15.00 per share in cash, representing a premium of 7.22% from the stock’s last close.

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