PMI Extends Deadline on Rothmans Offer

Philip Morris International said on Friday that it had extended to midnight (Vancouver time) on September 16 the expiry of its C$30.00 per share cash offer to purchase all of the outstanding common shares of Rothmans Inc. 'The extension is procedural, being related to the last remaining regulatory approval required for the transaction, namely a determination of net benefit by the Minister of Industry pursuant to the Investment Canada Act,' the company said in a press note posted on its website. Enditem