Philip Morris International Inc. (PMI) Offer for Rothmans Inc. Succeeds
NEW YORK--(BUSINESS WIRE)--Sept. 17, 2008--Regulatory News:
Philip Morris International Inc. (NYSE / Euronext Paris: PM)
announced today that approximately 47,004,961 shares representing
approximately 67.8% of the outstanding common shares of Rothmans Inc.
(Rothmans) on a fully-diluted basis have been tendered to the offer
made by PMI. The company has taken up all of the shares which were
tendered and will pay for such shares on September 19, 2008.
"We are delighted that our offer was successful and extend our
heartfelt welcome to all of the employees of Rothmans, Benson & Hedges
Inc. We look forward to building upon their successful track record in
the years ahead," said Miroslaw Zielinski, PMI's President for the
Latin America & Canada Region.
PMI also announced that it has extended the offer period for an
additional 10 days, in order to afford Rothmans' shareholders who have
not previously tendered with an additional opportunity to tender their
shares. The offer documents are available on the SEDAR website at
www.sedar.com under the SEDAR profile for Rothmans. As extended, the
CAD $30.00 per share all-cash offer will expire at 11:59 p.m. (Toronto
time) at the end of September 29, 2008.
About Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading
international tobacco company, with seven of the world's top 15
brands, including Marlboro, the number one cigarette brand worldwide.
PMI has more than 75,000 employees and its products are sold in
approximately 160 countries. In 2007, the company held an estimated
15.6% share of the total international cigarette market outside of the
U.S. For more information, see www.pmintl.com.
CONTACT: Investor Relations:
Philip Morris International Inc.
New York: (917) 663-2233
Lausanne: +41 (0)58 242 4666
SOURCE: Philip Morris International Inc.
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