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.
Location
Florida, United States
Transaction Type
Buyout

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