Philip Morris has entered an agreement to acquire an additional 50.21% stake from principal shareholders, the Lakhani family and others. Philip Morris will then make a public, tender offer to all remaining shareholders at the same price. At the agreed price, Philip Morris has estimated the value of 100% of Lakson Tobacco at $675 million.
Lakson Tobacco, which was founded in 1971, is PakistanÆs second largest cigarette manufacturer....
¬ Haymarket Media Limited. All rights reserved.