America Tobacco Making Bid For Majority Holding In Gallaher: American Tobacco, the Lucky Strike and Pall Mall group, is making a bid for a majority holding in Gallaher which values the Senior Service firm at ~130 million. In a joint statement today the two companies say that American Tobacco will make a 35s-a share offer for sufficient stock to win a controlling stake so "more than 50 percent" in Gallahers, Britain's second largest tobacco group, with around 27 per cent of the market.
picture Shows: At today's Press conference today at Gallaher Ltd are Mr. Mark Norman (left), Chairman, Gallaher limited, and Mr. Heimann, Executive Vice President,American Tobacco Company.
Photo measures 8.25 x 10 inches.
Photo is dated 7-16-1968.
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