Japan Tobacco Group Acquires Vector Group Ltd for $2.4 Billion
August 21, 2024
Japan Tobacco Inc. (JT Group) agreed to acquire Vector Group Ltd. in an all-cash tender offer and second-step merger at $15.00 per share, valuing the transaction at approximately $2.4 billion. The acquisition completed on October 7, 2024, after the tender offer and statutory merger, and Vector Group became a wholly owned subsidiary of JT Group.
- Buyers
- Japan Tobacco Inc. (JT Group), Vapor Merger Sub Inc.
- Targets
- Vector Group Ltd.
- Industry
- Consumer Products
- Location
- Florida, United States
- Transaction Type
- Buyout
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