15:13 PM
A rare accomplishment these days, cigarette maker Altria (MO) managed to sell $6B in debt to help pay for its $10.4B acquisition of UST (UST). Actually, it raised almost $14B.
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07:44 AM
Altria (MO) reaches an agreement to buy tobacco maker UST (UST) for about $10.2B, a 28% premium on UST's closing price on Thursday before news of the negotiations became public.
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Friday, September 5, 2008
07:35 AM
Altria (MO) is in advanced talks to buy tobacco maker UST (UST) for over $10B. Sources involved in the negotiations say the two sides are trying to complete the deal as soon as Monday. UST +16.3% premarket.
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