Vector Group Ltd . (NYSE:), a company known for its cigarette manufacturing, announced the completion of its acquisition by JTI (US) Holding Inc. on Monday. This move has led to the delisting of Vector Group's shares from the New York Stock Exchange (NYSE) as the company becomes a wholly owned subsidiary of JTI (US) Holding Inc.
The acquisition process began with a tender offer on September 4, 2024, where JTI (US) Holding Inc.'s subsidiary, Vapor Merger Sub Inc., offered to purchase all outstanding shares of Vector Group at $15.00 per share in cash. By the offer's expiration on October 4, 2024, approximately 68.67% of Vector Group's shares had been tendered.
