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BUSINESS
December 5, 2001 | Bloomberg News
Rothmans Inc. said it probably won't raise its bid for Santa Fe Natural Tobacco Co., signaling victory for R.J. Reynolds Tobacco Holdings Inc. in its battle for the maker of organic cigarettes. Santa Fe Natural told Rothmans Monday night that its board plans to recommend R.J. Reynolds' $340-million all-cash bid, a company spokesman said. Rothmans, Canada's No. 2 tobacco company, had sweetened an earlier offer to $353.7 million in cash, debt and stock. It has until Monday to raise its bid.
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BUSINESS
December 5, 2001 | Bloomberg News
Rothmans Inc. said it probably won't raise its bid for Santa Fe Natural Tobacco Co., signaling victory for R.J. Reynolds Tobacco Holdings Inc. in its battle for the maker of organic cigarettes. Santa Fe Natural told Rothmans Monday night that its board plans to recommend R.J. Reynolds' $340-million all-cash bid, a company spokesman said. Rothmans, Canada's No. 2 tobacco company, had sweetened an earlier offer to $353.7 million in cash, debt and stock. It has until Monday to raise its bid.
BUSINESS
January 13, 2000 | Myron Levin
Canadian cigarette manufacturers have been hit with a class-action suit that seeks to hold them liable for deaths, injuries and property losses stemming from cigarette fires, the leading cause of fire deaths in Canada as well as the U.S. Named plaintiffs in the suit, filed Tuesday in Toronto, are the families of three children who were burned to death in a January 1998 fire that resulted from careless smoking.
BUSINESS
December 12, 1995 | From Times Wire Services
Canada's health minister announced Monday that the government will seek to ban all tobacco advertising, following a recent Supreme Court ruling that stuck down a law sharply restricting tobacco ads. The minister, Diane Marleau, said details of her proposal will be worked out in early 1996 during consultations with provincial governments, the health community and tobacco manufacturers.
BUSINESS
October 13, 1986 | From Reuters
Two of Canada's largest tobacco companies agreed Friday to merge, a move that may end a yearlong price war that has jolted the industry. The merger will unite No. 2 Rothmans of Pall Mall Ltd. with fourth-ranked Benson & Hedges (Canada) Inc., a wholly owned subsidiary of the American conglomerate Philip Morris. The companies did not disclose the value of the deal. Rothmans will own 60% of the new company, to be named Rothmans, Benson & Hedges Inc., with Philip Morris holding the remainings 40%.
BUSINESS
May 16, 1989 | From United Press International
Canada's tough new anti-smoking laws banning print advertising and requiring disclosure of cigarette ingredients have encouraged advocacy groups in the United States to demand similar legislation. "A big part of it is the Canadian bill that shows such legislation can work and is not just pie in the sky," said Phil Wilbur, director of Advocacy Institute, a health research center in Washington. About 100 anti-smoking bills are pending before Congress, including one drafted by Rep. Mike Synar (D-Okla.
BUSINESS
November 10, 2002 | Myron Levin, Times Staff Writer
Les Thompson was a self-made man. He grew up poor in a small town in Ontario and got no further than high school. Still, he fashioned a nice career in the cigarette business, rising through the ranks at the Canadian arm of R.J. Reynolds. In the early 1990s, he took on a big and risky assignment: helping the company gain a foothold in Canada's exploding market for contraband cigarettes. As a regional field manager for RJR-MacDonald Inc., he supplied cigarettes to U.S.
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