Imperial tobacco in £11bn takeover bid

Embassy cigarette maker Imperial Tobacco said today it had agreed an £11bn (€16.34bn) takeover offer for Spanish rival Altadis.

Imperial tobacco in £11bn takeover bid
Wed, 18 Jul, 2007 - 09:23

Embassy cigarette maker Imperial Tobacco said today it had agreed an £11bn (€16.34bn) takeover offer for Spanish rival Altadis.

Bristol-based Imperial, which first made an approach for Altadis in March, has upped its offer for the Gauloises and Fortuna cigarette group.

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