Philip Morris International Inc. (PMI) extends Rothmans offer pending Investment Canada review

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[{"type":"text","content":"\n\n\n\nNEW YORK, Sept. 5 /CNW/ - Philip Morris International Inc. (NYSE /\nEuronext Paris: PM) announced today that it has extended the expiry of its CAD\n$30.00 per share cash offer to purchase all of the outstanding common shares\nof Rothmans Inc. (Rothmans).\n\n\nThe extension is procedural, being related to the last remaining\nregulatory approval required for the transaction, namely a determination of\nnet benefit by the Minister of Industry pursuant to the Investment Canada Act.\nUnder the Investment Canada Act, the review period runs for an initial 45-day\nperiod from the date an application for review is filed. PMI filed its\napplication for review on July 31, 2008 and, accordingly, the offer period is\nbeing extended to midnight (Vancouver time) at the end of September 16, 2008,\nto permit completion of the review.\n\n\nAs previously announced on August 14, 2008, PMI received an advance\nruling certificate ("ARC") from the Canadian Commissioner of Competition. The\nissuance of the ARC satisfies the other regulatory condition to PMI's offer,\ndated August 7, 2008, that clearance be obtained under the Competition Act\n(Canada).\n\n\nThe offer documents are available on the SEDAR website at www.sedar.com\nunder the SEDAR profile for Rothmans.\n\n\nAbout Philip Morris International Inc.\n\n\nPhilip Morris International Inc. (PMI) is the leading international\ntobacco company, with seven of the world's top 15 brands, including Marlboro,\nthe number one cigarette brand worldwide. PMI has more than 75,000 employees\nand its products are sold in approximately 160 countries. In 2007, the company\nheld an estimated 15.6% share of the total international cigarette market\noutside of the U.S. For more information, see www.pmintl.com.\n\n\n","length":1819,"tagName":"div"}]

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