Imperial Shareholders Approve Altadis Bid

Source from:  tr.itsmyiq.com Aug 13, 2007 08/14/2007

Imperial Tobacco's shareholders voted today at an Extraordinary General Meeting (EGM) in favor of the company's proposed acquisition of Altadis. Imperial first approached Altadis in March with an offer of €45 per share, an offer that was later increased to €47 and then, on July 18, to €50 per share, which valued the company at €16.2 billion. In announcing the result of the EGM poll, the company said that the making of its proposed offer remained conditional on the approval of the Spanish regulator, the CNMV. Enditem