Gallaher in Japan Bid Sights at Pounds 7bn

Summary


SHARES in Gallaher soared above Pounds 10 today after the cigarette maker revealed a bid approach valuing it at close to Pounds 7 billion.

Bidder Japan Tobacco's stock rose 6% in Tokyo on hopes of a deal.

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Extract


Gallaher in Japan Bid Sights at Pounds 7bn

Gallaher confirmed it had been approached but said talks were at an early stage, ...

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