Vector Group Agrees To $2.4B Buyout By JT Group: Details
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Vector Group has agreed to a buyout by JT Group for approximately $2.4 billion in cash, with the transaction expected to close in Q4 2024. JT Group will acquire all outstanding shares at a price reflecting a 29.9% premium over the 60-day average share price. The deal is anticipated to deliver significant value to Vector's stockholders and create opportunities for employees as they join a leading global organization. Vector's shares rose 7.58% following the announcement.
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