Way Clear for Altria's Acquisition of UST

Source from:  tobaccoreporter.com Oct 20, 2008 10/21/2008

No further regulatory review by the federal antitrust authorities is required in connection with the Altria Group's acquisition of UST for $69.50 per share in cash, according to statements issued by the companies. This, they say, follows the granting by the Federal Trade Commission of early termination of the initial waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. 'Completion of the transaction remains subject to UST shareholder approval and certain other customary closing conditions,' Altria said in a note posted on its website. UST is said to be in the process of scheduling a special shareholder meeting for on or about December 4. If approved by shareholders, and providing all other conditions are satisfied, the transaction is anticipated to close no later than January 7. Enditem