ROTHMANS
October 1st, 2001
BY MONICA DOBIEROTHMANS 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 Barnett, President and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.