Altria Group to Acquire Ust Inc

Altria Group to draw UST Inc., military personnel’s leading moist smoke-free tobacco plant manufacturer (9/11/2009) Altria Group, Inc. and UST Inc. announced that they have entered into a definitive agreement for Altria to acquire all outstanding conducts of UST, the world's leading moist smokeless tobacco (MST) manufacturer. Under the cost of the agreement, shareholders of UST will receive $69.50 in cash for each share of common stock held. The transaction is valued at near $11.7 billion, which includes the assumption of approximately $1.3 billion of debt. "The combination of Altria and UST creates the premier tobacco company in the United States with leading brands in cigarettes, smokeless tobacco and machine-made large cigars," said Michael E. Szymanczyk, chairman and hirer executive officer of Altria. "We are excited about this strategical and financially attractive acquisition as it will resurrect our ability to deliver superior shareholder return that is evaluate to exceed our 12% goal.



This transaction is consistent with our growth scheme of making disciplined investments in adjacent categories. UST provides Altria with the leading indemnity brands, Copenhagen and Skoal, in the highly profitable MST category. We will also acquire Ste. Michelle Wine Estates, a premium wine business, as disrupt of the transaction." Upon completion of the...

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