ROTHMANS Inc.,(Canada), has bought 100 per cent of Santa Fe Natural Tobacco Company's shares for US$275 million.

The purchase price comprises of US$105 million in cash, 4,241,312 common shares of Rothmans, having an ascribed value of US$65 million, and US$105 million in bonds to be issued at closing by Santa Fe and to be repaid over four years from Santa Fe's operating cash flows.

" Strategically, it diversifies our revenues and earnings outside Canada while we remain firmly focused on our core business -- tobacco," said John ...

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