TOKYO, Aug 22 (News On Japan) - Japan Tobacco Inc. (JT) has announced its acquisition of major U.S. tobacco company, Vector Group. The acquisition cost is expected to be approximately $2.4 billion, equivalent to around 378 billion yen, leading to the full subsidiarization of Vector Group.
With this acquisition, JT’s market share in the U.S. is projected to expand from 2.3% to approximately 8%.
Source: テレ東BIZ
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