LAWFUEL – Law News Network – Slaughter and May is advising Gallaher …

LAWFUEL – Law News Network – Slaughter and May is advising Gallaher Group Plc on a recommended cash offer by Japan Tobacco for the shares and ADSs of Gallaher. The offer values Gallaher at approximately £7.5 billion.

It is intended that the offer, which was announced on 15 December, 2006, will be implemented by way of a court approved scheme of arrangement under section 425 of the Companies Act.

Japan Tobacco is the world’s third largest global tobacco company and Gallaher is the world’s fifth largest global tobacco company.

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