Altadis Going For More Than $17 Billion?

Looks like the end may be near for Altadis as an independent company. According to the Wall Street Journal, the Spanish firm with a 50% interest in Habanos, the state-run maker of Cuban cigars, may be getting competing offers in the next few days that would value the company at more than $17 Billion. Imperial Tobacco of Bristol England and CVC, a private equity firm in Luxemborg are expected to be the main rivals for Altadis.

To read the full story at the Wall Street Journal, please click the title link above.