Trading: TSX: ROC
TORONTO, Sept. 17 /CNW/ - Rothmans Inc. announced today that approximately 47,004,961 common shares representing approximately 67.8% of the outstanding common shares of Rothmans Inc. (on a fully-diluted basis) have been tendered to the offer made by PMI.
PMI has taken up all of the common shares which were tendered and will pay for such shares on September 19, 2008. Shareholders of Rothmans Inc. who tendered common shares to the offer will receive C$30.00 cash per share.
"This is great for RBH and its employees. It allows us to maintain the agility and flexibility of a small dynamic company while giving us the resources of a large, successful, international company," said John Barnett, President and CEO of Rothmans Inc.
In order to allow for additional common shares of Rothmans Inc. to be tendered to the offer, PMI has extended the expiry time of the offer to 11:59 p.m. (Toronto time) on September 29, 2008. The notice of extension with respect to the offer and the offer documents will be available on SEDAR at www.sedar.com under the SEDAR profile of Rothmans Inc.
Forward Looking Statements
Certain statements contained in this release constitute "forward-looking statements" and express views as to future events, circumstances and trends relating to the business of RBH and Rothmans Inc. Words such as "plans," "intends," "outlook," "expects," "anticipates," "estimates," "believes," "should" and similar expressions may identify forward-looking statements. Forward-looking statements are based on management's current expectations and assumptions and entail various risks and uncertainties. There is no assurance that any forward-looking statement will materialize. Actual results may differ materially from these expectations and forward-looking statements, if known and unknown risks or uncertainties affect RBH's business or Rothmans Inc., or if management's expectations or assumptions prove to be inaccurate. Factors that could cause actual results to differ materially from the forward-looking statements contained herein include, but are not limited to, the ability of Philip Morris International Inc. to complete the contemplated transactions. Rothmans Inc. disclaims any obligation or intention to update or revise any forward-looking statement, whether the result of new information, future events or otherwise, except as otherwise required by applicable law. Additional information concerning risks and uncertainties affecting Rothmans Inc. and RBH is contained in the Company's filings with the Canadian securities regulatory authorities, including the Company's Annual Information Form (in particular under "Legal Proceedings" and "Risk Factors") available on SEDAR at www.sedar.com or on the Company's website at www.rothmansinc.ca.