Japan Tobacco's Gallaher Move Catches Light

Source from:  Financial Times 05/06/2010

When Japan Tobacco bought Gallaher in 2007, there were more than a few rank and file workers at the UK cigarette maker's Weybridge headquarters who harboured concerns about the £7.5bn deal. After all, Japanese companies are not known for making cross-border mergers and acquisitions work. The 1980s and 1990s are littered with deals - such as Bridgestone's acquisition of Firestone and Sony's purchase of Columbia Pictures - that were struck at top-dollar prices and have been less than successful. Enditem