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JT Group agrees to a $2.4bn buyout of Vector Group, expanding its US presence and market share.
Japan's JT Group agreed to a $2.4 billion buyout of Vector Group, a holding company for tobacco companies Liggett Group LLC, Vector Tobacco LLC, and New Valley LLC.
The deal, expected to close in Q4 2024, will expand JT Group's presence in the U.S., the second-largest tobacco market globally, increasing its market share from 2.3% to approximately 8.0%.
Vector Group will become a wholly-owned subsidiary of JT Group after the acquisition.
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JT Group acepta una compra de $2.4 mil millones de Vector Group, ampliando su presencia en EE.UU. y su cuota de mercado.