Oct 27 (Reuters) – The Swedish group Swedish Match AB, a specialist in tobacco and nicotine products, recommended on Thursday that its shareholders accept the takeover offer proposed by the American Philip Morris for 16 billion dollars (16.20 billion euros).
Some Swedish Match shareholders recently objected to Philip Morris’ latest offer, raised by more than 9%, believing that the value of the new offer brought little change due to the appreciation of the dollar against the krone. Swedish.
According to Swedish regulations, the offer must be accepted by 90% of Swedish Match’s shareholders before November 4. (Report Eva Mathews, French version Matthieu Protard)