Altria Completes Acquisition of UST |
RICHMOND, Va.--(BUSINESS WIRE)--Jan. 6, 2009--Altria Group, Inc. (Altria) (NYSE: MO) today announced that it has
completed the acquisition of UST Inc. (UST). The transaction is valued
at approximately $11.7 billion, which includes the assumption of
approximately $1.3 billion of debt.
As a result of the closing of the transaction, shareholders of UST
common stock are entitled to receive $69.50 per share in cash for each
share of common stock held as of today, January 6, 2009. Additionally,
UST common stock no longer trades on the New York Stock Exchange.
Registered UST shareholders will receive information from Computershare,
the paying agent, regarding the cash payment for their shares of UST
common stock. For additional information, registered shareholders should
contact Computershare by phone at 1-866-963-6134. Registered
shareholders outside the U.S. and Canada should call 1-781-575-2754.
UST shareholders who held shares of common stock through a broker or
bank will receive information directly from their broker or bank
regarding the cash payment for their shares of UST common stock. For
additional information, these shareholders should contact their broker
or bank directly.
Additional information regarding the transaction is also available at
www.altria.com.
Altria Group, Inc. Profile
Altria owns 100% of each of Philip Morris USA Inc., U.S. Smokeless
Tobacco Co., John Middleton Co., Philip Morris Capital Corporation and
Ste. Michelle Wine Estates Ltd. In addition, as of January 6, 2009,
Altria held a 28.5% economic and voting interest in SABMiller plc.
The brand portfolio of Altria's tobacco operating companies includes
such well-known names as Marlboro, Copenhagen, Skoal and
Black & Mild. Trademarks and service marks related to Altria
referenced in this release are the property of, or licensed by, Altria
or its subsidiaries. More information about Altria is available at
www.altria.com.
CONTACT: Altria Group, Inc.
Clifford B. Fleet, 804-484-8222
Altria Client Services, Investor Relations
Daniel R. Murphy, 804-484-8222
Altria Client Services, Investor Relations
Brendan J. McCormick, 804-484-8897
Altria Client Services, Media Affairs
Source: Altria Group, Inc.
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