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Philip Morris Seals Deal To Buy Vectura With 75% Of Shares Tendered
Philip Morris Seals Deal To Buy Vectura With 75% Of Shares Tendered
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Joined: 2022-02-10
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Sept 16 (Reuters) - Cigarette maker Philip Morris International (PMI) said on Thursday it had received about 75% of Vectura shares from shareholders as part 99액상 of a public 99액상 tender offer process to acquire the British company. "We have reached an important milestone in our acquisition of Vectura and are pleased to have secured over 74% of the company's shares, in excess of the 50% required to make our offer unconditional and PMI the majority shareholder," said PMI Chief Executive Officer Jacek Olczak.  
  
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Devika Syamnath)  

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