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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altadis Sa | LSE:AAC | London | Ordinary Share | ES0177040013 | EUR0.60 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3,441.16 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5883U Imperial Tobacco Group PLC 10 April 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN 10 April 2007 IMPERIAL TOBACCO GROUP PLC REVISED PROPOSAL TO ALTADIS S.A. Imperial Tobacco Group PLC ("Imperial Tobacco") confirms that it made a revised proposal to Altadis S.A. ("Altadis") in relation to a possible combination of Imperial Tobacco and Altadis at a price of Euro 47 per Altadis share in cash. Imperial Tobacco considers that Euro 47 per share represents a full and fair price for Altadis. The revised proposal represents a multiple of 13.5x Altadis' EBITDA for the year ended 31 December 2006 (taking into account Altadis' net debt and the interests of minority shareholders in Logista S.A.). Imperial Tobacco also requested access to limited due diligence information in order to establish whether there may be additional value which it had not taken into account in its revised proposal. The Board of Altadis has rejected the revised proposal and has not granted Imperial Tobacco's request for limited due diligence to establish whether there may be additional value. Imperial Tobacco continues to believe that a combination with Altadis is strategically compelling and in the interests of both companies' shareholders. Further announcements will be made as appropriate. Enquiries: Imperial Tobacco Simon Evans Telephone: +44 (0)117 933 7375 Group Media Relations John Nelson-Smith Telephone: +44 (0)117 933 7032 Investor Relations Citigroup Global Markets Limited Telephone: +44 (0)20 7986 4000 (financial adviser to Imperial Tobacco) Ian Carnegie-Brown Ian Hart Mark Todd Manuel Falco Telephone: +34 (0)91 538 4411 Hoare Govett Limited (joint corporate broker Telephone: +44 (0)20 7678 8000 to Imperial Tobacco) Hugo Fisher Lehman Brothers Europe Limited Telephone: +44 (0)20 7102 1000 (financial adviser to Imperial Tobacco) Ludovico del Balzo Adrian Fisk Morgan Stanley & Co. International Limited Telephone: +44 (0)20 7425 5000 (financial adviser and joint corporate broker to Imperial Tobacco) Paul Baker Bell Pottinger Corporate & Financial Stephen Benzikie Telephone: +44 (0)207 861 3879 Ben Woodford Telephone: +44 (0)207 861 3917 Citigroup Global Markets Limited, Hoare Govett Limited, Lehman Brothers Europe Limited and Morgan Stanley & Co. International Limited which are authorised and regulated in the United Kingdom by the Financial Services Authority, are acting exclusively for Imperial Tobacco and no one else in relation to the matters referred to in this announcement and will not be responsible to anyone other than Imperial Tobacco for providing the protections afforded to clients of Citigroup Global Markets Limited, Hoare Govett Limited, Lehman Brothers Europe Limited and Morgan Stanley & Co. International Limited nor for providing advice in relation to these matters, the content of this announcement or any matter referred to herein. Copies of our announcements are available on our website: www.imperial-tobacco.com This information is provided by RNS The company news service from the London Stock Exchange END MSCBBGDSBGBGGRG
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