Philip Morris to Buy Certain Imperial Tobacco Trademarks for 254M Euros

Source from:  NEW YORK (Thomson Financial) 23-April-2008  04/24/2008

Philip Morris International said it agreed to buy the Interval trademark and certain other trademarks from Imperial Tobacco Group PLC for 254 million euros ($405.4 million). Philip Morris expects the deal to add 1 cent a share to earnings. The deal, which is expected to close by the end of the second quarter, is subject to approval by the European Commission and other local regulatory agencies. The stock closed Tuesday at $50.07. Tomi Kilgore tk1 COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Enditem