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News Breaks | | | | February 25, 2013 | | 06:06 EDT |  | PM, BTI | Japan government to sell 16.6% of its shares in Japan Tobacco, WSJ reports
Japan's government is planning to reduce its stake in Japan Tobacco, potentially raising about $10B to help pay for reconstruction projects related to the March 2011 earthquake and nuclear disaster, reports the Wall Street Journal. The Finance Ministry said it plans to sell 333.33M shares, or 16.6% of its outstanding shares, next month. As a result, the government's stake will fall to about a third of the company from half now. The offer price will be determined between March 11 and March 13. Reference Link | |
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News For PM;BTI From The Last 14 Days Check below for free stories on PM;BTI the last two weeks. |
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| May 24, 2013 | | 13:10 EDT |  | BTI | British American Tobacco management to meet with JPMorgan
 Subscribe for More Information | | | May 21, 2013 | | 10:56 EDT |  | BTI, PM | Tobacco stocks lower after Minnesota proposes doubling cigarette tax
Subscribe for More Information | | | 10:32 EDT | | BTI, PM | Minnesota lawmakers pass cigarette tax hike, Pioneer Press reports
Subscribe for More Information | | | 09:06 EDT | | PM | Philip Morris to acquire remaining 20% interest in Mexican subsidiary
Subscribe for More Information | | | May 14, 2013 | | 07:25 EDT | | PM | Goldman to host a symposium
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