• ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

    ITC AGM 2014, Main Auditorium, Science City, Calcutta, West Bengal, India: It was shocking to the shareholders of ITC (Indian Tobacco Company) Limited when they were denied entry at the 103rd Annual General Meeting (AGM) of the company held at Main Auditorium of Science City at Calcutta, West Bengal, India on 30th July, 2014. The shareholders of ITC claimed that they had brought enough proof to be eligible for entry to the AGM of the company but security personnel at the entrance did not accept that and insisted for the Admission Slip. There was also a scuffling between the shareholders and security personnel at the entrance.

    published: 30 Jul 2014
  • Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

    Tobacco control teen advocates from across the US attended the 2013 Philip Morris International Shareholder's Meeting, including Reality Check teens from across the state. Teens both spoke at the meeting and demonstrated outside.

    published: 14 May 2013
  • Dr. Blum at the 1992 Philip Morris Shareholders Meeting

    Mike Miles, CEO of Philip Morris, receives a question from Dr. Alan Blum at the 1992 Philip Morris Shareholders meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu

    published: 01 Oct 2014
  • Reality Check vs. PMUSA Shareholders

    Tobacco control advocates from Reality Check and No Limits take a stand at The Altria Group Inc's annual shareholders meeting in Richmond, Virginia.

    published: 05 Jul 2017
  • Philip Morris Sues Over 'Plain Packaging' Cigarette Rules

    Philip Morris is contesting an upcoming U.K. rule that would require cigarettes be sold in plain packaging devoid of branding. Follow Elizabeth Hagedorn: http://www.twitter.com/elizhagedorn See more at http://www.newsy.com Transcript: Philip Morris International, maker of Marlboro cigarettes, is fighting a new ruling in the U.K. that requires all cigarettes be sold in plain packaging. U.K. Parliament enacted the rule in March. It will require all cigarettes sold in the country be packed in plain boxes by 2016. PMI has sued, contending the rules would "unlawfully deprive" it of its trademarks. (Video via U.K. Parliament) PMI says its branding — those red ribbons, for example — is too important a part of the market economy to just legislate away. PMI's general counsel wrote, "We respec...

    published: 22 May 2015
  • Tobacco Stocks In Focus Today

    Tobacco stocks in focus today. Mangalam Maloo tells you why here.

    published: 27 Dec 2016
  • What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

    What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean? SHAREHOLDER RESOLUTION meaning - SHAREHOLDER RESOLUTION definition - SHAREHOLDER RESOLUTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. With respect to public companies in the United States, Shareholder resolutions are proposals submitted by shareholders for a vote at the company's annual meeting. Typically, resolutions are opposed by the corporation's management, hence the insistence for a vote. For publicly held corporations in the United States, the submission and handling of resolutions is regulated by the Securities and Exchange Commission (SEC). Shareholders submit resolutions dealing primarily with corporate governance, such as executive co...

    published: 31 May 2017
  • RJR Sales Training tobacco tyj52b00

    RJR Cigarette Camel Training Video

    published: 20 Nov 2016
  • Tobacco and the Human Body 1954

    A 1954 film produced by Encyclopedia Britannica Films on "Tobacco and the Human Body".

    published: 01 Oct 2014
  • British American Tobacco announces 4.2 Billion shillings profit for 2016

    As the result season continues, British American tobacco announced 4.2 billion shillings after profit in the full year ended 31st Dec 2016, giving their shareholders a 43 shillings dividend per share. This and more in our corporate brief SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.

    published: 24 Feb 2017
  • What the hell is that... tobacco?

    Fruit of the Loom commercial segment from '78's Star Wars Holiday Special, with RiffTrax audio overlay.

    published: 11 Feb 2008
  • Tobacco Executives Take Oath

    Short clip of tobacco executives being sworn in just before they testified to a Congressional Committee that, in their belief, nicotine is not addictive. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu

    published: 01 Oct 2014
  • BAT agrees Reynolds deal to create largest listed tobacco giant

    British American Tobacco has reached a deal to pay $49.4bn (£41bn) for the shares it does not already own in US rival Reynolds. The FTSE 100 firm, which makes Rothmans, Lucky Strike and Dunhill, said the takeover would give it greater access to emerging markets and the US while also boosting its presence in the growing e-cigarette sector. It had announced a $47bn cash and shares offer back in October for Reynolds - the second biggest player in the US with the Pall Mall and Camel brands in its stable - but that approach was rejected. BAT said the improved offer meant that Reynolds' shareholders would net $59.64 per share - $29.44 in cash and 0.5260 BAT ordinary shares - with the price representing a premium of 26% for investors. It already has a 42.2% stake in the US business having become ...

    published: 17 Jan 2017
  • Tillamook: Farmers Not Shareholders

    We are independent farmer-owners, which means our values guide us instead of profit margins. And since 1909, we’ve been doing things the right way - the Tillamook way. That’s dairy done right. Join the Co-Op at Tillamook.com

    published: 06 Apr 2015
  • DTE Shareholders Protest

    Good Jobs Now marched in front of and inside DTE Energy headquarters on May 3, 2012 during the company's shareholders meeting. DTE posted a $720 million profit in 2011, but paid a negative 6% tax rate compared to the statutory federal tax rate of 35%. If this company was required to pay its fair share, DTE would owe Michigan taxpayers $16 million and Detroit $1.1 million; funding that could've went to a quality education for our schools, fixing our infrastructure, job creation and much more. Enough is enough!

    published: 04 May 2012
  • FRANCE: TABACALERA & SEITA: TOBACCO COMPANIES MERGER

    French/Nat Cigars all round for French tobacco company Seita and its Spanish counterpart Tabacalera. The two firms held a joint press conference in Paris Wednesday to confirm their merger. The new company, to be called Altadis, will be the biggest tobacco company in Europe. It was late Tuesday night when Seita and Tabacalera announced they had signed an agreement on a 50-50 merger between the two tobacco groups. The merger is part of a wave of consolidation in the industry. It creates a European tobacco firm big enough to rival the world's three biggest tobacco companies, Philip Morris, Japan Tobacco and BAT. Management of the new company, to be called Altadis, say the future looks exciting. SOUNDBITE: (French) "We've succeeded in having the same strategic vision f...

    published: 21 Jul 2015
ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

ITC AGM Video - Misbehavior With Shareholders and Entry Denied To 103rd AGM 2014

  • Order:
  • Duration: 3:08
  • Updated: 30 Jul 2014
  • views: 883
videos
ITC AGM 2014, Main Auditorium, Science City, Calcutta, West Bengal, India: It was shocking to the shareholders of ITC (Indian Tobacco Company) Limited when they were denied entry at the 103rd Annual General Meeting (AGM) of the company held at Main Auditorium of Science City at Calcutta, West Bengal, India on 30th July, 2014. The shareholders of ITC claimed that they had brought enough proof to be eligible for entry to the AGM of the company but security personnel at the entrance did not accept that and insisted for the Admission Slip. There was also a scuffling between the shareholders and security personnel at the entrance.
https://wn.com/Itc_Agm_Video_Misbehavior_With_Shareholders_And_Entry_Denied_To_103Rd_Agm_2014
Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

Tobacco Control Teen Advocates at the Philip Morris International Shareholder's Meeting

  • Order:
  • Duration: 0:26
  • Updated: 14 May 2013
  • views: 186
videos
Tobacco control teen advocates from across the US attended the 2013 Philip Morris International Shareholder's Meeting, including Reality Check teens from across the state. Teens both spoke at the meeting and demonstrated outside.
https://wn.com/Tobacco_Control_Teen_Advocates_At_The_Philip_Morris_International_Shareholder's_Meeting
Dr. Blum at the 1992 Philip Morris Shareholders Meeting

Dr. Blum at the 1992 Philip Morris Shareholders Meeting

  • Order:
  • Duration: 0:45
  • Updated: 01 Oct 2014
  • views: 11
videos
Mike Miles, CEO of Philip Morris, receives a question from Dr. Alan Blum at the 1992 Philip Morris Shareholders meeting. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu
https://wn.com/Dr._Blum_At_The_1992_Philip_Morris_Shareholders_Meeting
Reality Check vs. PMUSA Shareholders

Reality Check vs. PMUSA Shareholders

  • Order:
  • Duration: 1:17
  • Updated: 05 Jul 2017
  • views: 0
videos
Tobacco control advocates from Reality Check and No Limits take a stand at The Altria Group Inc's annual shareholders meeting in Richmond, Virginia.
https://wn.com/Reality_Check_Vs._Pmusa_Shareholders
Philip Morris Sues Over 'Plain Packaging' Cigarette Rules

Philip Morris Sues Over 'Plain Packaging' Cigarette Rules

  • Order:
  • Duration: 1:42
  • Updated: 22 May 2015
  • views: 3688
videos
Philip Morris is contesting an upcoming U.K. rule that would require cigarettes be sold in plain packaging devoid of branding. Follow Elizabeth Hagedorn: http://www.twitter.com/elizhagedorn See more at http://www.newsy.com Transcript: Philip Morris International, maker of Marlboro cigarettes, is fighting a new ruling in the U.K. that requires all cigarettes be sold in plain packaging. U.K. Parliament enacted the rule in March. It will require all cigarettes sold in the country be packed in plain boxes by 2016. PMI has sued, contending the rules would "unlawfully deprive" it of its trademarks. (Video via U.K. Parliament) PMI says its branding — those red ribbons, for example — is too important a part of the market economy to just legislate away. PMI's general counsel wrote, "We respect the government's authority to regulate in the public interest, but wiping out trademarks simply goes too far." The U.K. Department of Health points out smoking causes some 80,000 deaths a year, making it the leading preventable cause of death in the country. In other words, the government is ready to fight this one. (Video via BBC) A spokesman told the BBC, "We will not allow public health policy to be held to ransom by the tobacco industry." The legal challenge is the latest front in a worldwide shift toward hard truths in tobacco marketing. (Video via Tobacco Free New York State) The new packaging will not only eliminate brand marks but also carry graphic warnings of the damage smoking can cause to the body. Australia's already using the new packaging and saw a 78 percent increase in calls to smoking hotlines. The World Health Organization says there aren't any other apparent factors that would cause that number to jump. U.S. regulators had plans to require similar graphic warnings until 2012, when the tobacco industry got the rules overturned in the D.C. Court of Appeals. And cigarette makers are still pushing back: In April, a group of companies filed suit against the U.S. Food and Drug Administration over rules that require them to submit any changes they make to their brand packaging for approval. This video includes images from Getty Images. Sources: Getty Images http://www.gettyimages.com/detail/news-photo/marlboro-cigarettes-with-the-new-labeling-system-are-seen-news-photo/102300115 U.K. Parliament https://www.youtube.com/watch?v=QF8pM4wiLaY Getty Images http://www.gettyimages.com/detail/news-photo/cartons-of-marlboro-brand-cigarettes-are-seen-inside-a-news-photo/2079678 Getty Images http://www.gettyimages.com/detail/news-photo/cigarette-maker-phillip-morris-usa-announced-it-has-started-news-photo/1933907 BBC http://www.bbc.com/news/health-21184194 BBC http://www.bbc.com/news/business-32843205 YouTube https://www.youtube.com/watch?v=6HlSYTQM9xc Getty Images http://www.gettyimages.com/detail/news-photo/in-this-handout-from-the-food-and-drug-administration-a-new-news-photo/117080442 Getty Images http://www.gettyimages.com/detail/news-photo/cigarette-packet-with-health-warning-advertising-is-seen-on-news-photo/175127169 The New York Times http://www.nytimes.com/2011/11/08/health/policy/court-blocks-graphic-labels-on-cigarette-packs.html The Wall Street Journal http://www.wsj.com/articles/u-s-tobacco-companies-file-suit-against-fda-over-label-regulations-1429029841 Image via: Getty Images / Joe Raedle http://www.gettyimages.com
https://wn.com/Philip_Morris_Sues_Over_'Plain_Packaging'_Cigarette_Rules
Tobacco Stocks In Focus Today

Tobacco Stocks In Focus Today

  • Order:
  • Duration: 1:34
  • Updated: 27 Dec 2016
  • views: 70
videos
Tobacco stocks in focus today. Mangalam Maloo tells you why here.
https://wn.com/Tobacco_Stocks_In_Focus_Today
What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean?

  • Order:
  • Duration: 3:11
  • Updated: 31 May 2017
  • views: 15
videos
What is SHAREHOLDER RESOLUTION? What does SHAREHOLDER RESOLUTION mean? SHAREHOLDER RESOLUTION meaning - SHAREHOLDER RESOLUTION definition - SHAREHOLDER RESOLUTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. With respect to public companies in the United States, Shareholder resolutions are proposals submitted by shareholders for a vote at the company's annual meeting. Typically, resolutions are opposed by the corporation's management, hence the insistence for a vote. For publicly held corporations in the United States, the submission and handling of resolutions is regulated by the Securities and Exchange Commission (SEC). Shareholders submit resolutions dealing primarily with corporate governance, such as executive compensation, or corporate social responsibility issues, such as global warming, labor relations, tobacco smoking, human rights, and animal welfare. Virtually all shareholder resolutions are non-binding (or "precatory," to use the legal term of art). In this sense the voting on these resolutions more closely resembles a poll than it does a (binding) referendum or plebiscite. Still, media coverage of voting on shareholder resolutions tends to focus on whether the proposal received a majority of votes, which occurs in a very small but increasing proportion of cases. According to SEC rules, defeated resolutions may be resubmitted only if they pass certain election hurdles (percentage of affirmative votes). Shareholder resolutions have been an important part of activist campaigns in several cases. For example, resolutions were effective at raising public awareness and thereby pressuring corporate management about investments in apartheid South Africa, nuclear power, and labor disputes. Given these results, resolutions have been spearheaded by several coordinating groups, including the AFL-CIO and the Interfaith Center on Corporate Responsibility. Governmental and labor union pension funds also have become involved in supporting and submitting shareholder resolutions. A shareholder resolution to protest napalm manufacturer Dow Chemical resulted in a U.S. Supreme Court case called SEC v. MEDICAL COMMITTEE FOR HUMAN RIGHTS, 404 U.S. 403 (1972). The court decided that the case was moot due to Dow's agreeing to include the resolution on its proxy statement. The dissent argument by Justice Douglas encourages the SEC to facilitate more shareholder resolutions. "The philosophy of our times, I think, requires that such enterprises be held to a higher standard than that of the "morals of the marketplace" which exalts a single-minded, myopic determination to maximize profits as the traditional be-all and end-all of corporate concern."
https://wn.com/What_Is_Shareholder_Resolution_What_Does_Shareholder_Resolution_Mean
RJR Sales Training tobacco tyj52b00

RJR Sales Training tobacco tyj52b00

  • Order:
  • Duration: 18:59
  • Updated: 20 Nov 2016
  • views: 128
videos https://wn.com/Rjr_Sales_Training_Tobacco_Tyj52B00
Tobacco and the Human Body 1954

Tobacco and the Human Body 1954

  • Order:
  • Duration: 14:53
  • Updated: 01 Oct 2014
  • views: 14
videos
A 1954 film produced by Encyclopedia Britannica Films on "Tobacco and the Human Body".
https://wn.com/Tobacco_And_The_Human_Body_1954
British American Tobacco announces 4.2 Billion shillings profit for 2016

British American Tobacco announces 4.2 Billion shillings profit for 2016

  • Order:
  • Duration: 1:43
  • Updated: 24 Feb 2017
  • views: 174
videos
As the result season continues, British American tobacco announced 4.2 billion shillings after profit in the full year ended 31st Dec 2016, giving their shareholders a 43 shillings dividend per share. This and more in our corporate brief SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
https://wn.com/British_American_Tobacco_Announces_4.2_Billion_Shillings_Profit_For_2016
What the hell is that... tobacco?

What the hell is that... tobacco?

  • Order:
  • Duration: 0:33
  • Updated: 11 Feb 2008
  • views: 4795
videos
Fruit of the Loom commercial segment from '78's Star Wars Holiday Special, with RiffTrax audio overlay.
https://wn.com/What_The_Hell_Is_That..._Tobacco
Tobacco Executives Take Oath

Tobacco Executives Take Oath

  • Order:
  • Duration: 0:17
  • Updated: 01 Oct 2014
  • views: 30
videos
Short clip of tobacco executives being sworn in just before they testified to a Congressional Committee that, in their belief, nicotine is not addictive. Alan Blum, MD, Professor and Gerald Leon Wallace M.D. Endowed Chair in Family Medicine at the University of Alabama, is one of the foremost authorities on the history of tobacco use, cigarette marketing, and strategies to end the smoking pandemic. Since 1998 he has directed the Center for the Study of Tobacco and Society, which comprises the world’s largest collection of original documents, artifacts, images and frontline reports on the tobacco industry and the anti-smoking movement. For more information about DOC or CSTS contact Dr. Alan Blum: ablum@ua.edu
https://wn.com/Tobacco_Executives_Take_Oath
BAT agrees Reynolds deal to create largest listed tobacco giant

BAT agrees Reynolds deal to create largest listed tobacco giant

  • Order:
  • Duration: 3:39
  • Updated: 17 Jan 2017
  • views: 55
videos
British American Tobacco has reached a deal to pay $49.4bn (£41bn) for the shares it does not already own in US rival Reynolds. The FTSE 100 firm, which makes Rothmans, Lucky Strike and Dunhill, said the takeover would give it greater access to emerging markets and the US while also boosting its presence in the growing e-cigarette sector. It had announced a $47bn cash and shares offer back in October for Reynolds - the second biggest player in the US with the Pall Mall and Camel brands in its stable - but that approach was rejected. BAT said the improved offer meant that Reynolds' shareholders would net $59.64 per share - $29.44 in cash and 0.5260 BAT ordinary shares - with the price representing a premium of 26% for investors. It already has a 42.2% stake in the US business having become a shareholder 13 years ago. BAT confirmed it was looking to finance the cash element of the purchase through a combination of "existing cash resources, new bank credit lines and the issuance of new bonds." It included, the company said, a $25bn "acquisition facility" with a syndicate of banks. The credit agency Moody's had warned in October it was putting the company's rating under review as it assessed the financing plans. BAT said on Tuesday it was committed to maintaining "a solid investment grade credit rating" and announced plans to limit debt on its balance sheet over three years. It said it expected the deal to deliver $400m of annual savings by the end of 2019 - with lower corporate costs contributing. That is usually a sign that job losses are on the way. BAT shares opened 1% higher. Its chief executive, Nicandro Durante, said of the deal: "We have been shareholders in Reynolds since 2004 and we have benefited from the success of the present management team's strategy, including its acquisition of Lorillard, which we supported with our own investment in 2015." He added: "It will create a stronger, global tobacco and NGP (next generations products) business with direct access for our products across the most attractive markets in the world. "We believe this will drive continued, sustainable profit growth and returns for shareholders long into the future." Shane MacGuill, head of tobacco at consultancy Euromonitor International, said the takeover was motivated by the lucrative US market. "BAT and Reynolds American have a strong existing relationship and while cost savings will be relatively modest the full access this acquisition would give BAT to the US - a lucrative, consolidated market with high barriers to entry - meaning it makes eminent sense."
https://wn.com/Bat_Agrees_Reynolds_Deal_To_Create_Largest_Listed_Tobacco_Giant
Tillamook: Farmers Not Shareholders

Tillamook: Farmers Not Shareholders

  • Order:
  • Duration: 0:18
  • Updated: 06 Apr 2015
  • views: 867576
videos
We are independent farmer-owners, which means our values guide us instead of profit margins. And since 1909, we’ve been doing things the right way - the Tillamook way. That’s dairy done right. Join the Co-Op at Tillamook.com
https://wn.com/Tillamook_Farmers_Not_Shareholders
DTE Shareholders Protest

DTE Shareholders Protest

  • Order:
  • Duration: 2:50
  • Updated: 04 May 2012
  • views: 163
videos
Good Jobs Now marched in front of and inside DTE Energy headquarters on May 3, 2012 during the company's shareholders meeting. DTE posted a $720 million profit in 2011, but paid a negative 6% tax rate compared to the statutory federal tax rate of 35%. If this company was required to pay its fair share, DTE would owe Michigan taxpayers $16 million and Detroit $1.1 million; funding that could've went to a quality education for our schools, fixing our infrastructure, job creation and much more. Enough is enough!
https://wn.com/Dte_Shareholders_Protest
FRANCE: TABACALERA & SEITA: TOBACCO COMPANIES MERGER

FRANCE: TABACALERA & SEITA: TOBACCO COMPANIES MERGER

  • Order:
  • Duration: 1:32
  • Updated: 21 Jul 2015
  • views: 48
videos
French/Nat Cigars all round for French tobacco company Seita and its Spanish counterpart Tabacalera. The two firms held a joint press conference in Paris Wednesday to confirm their merger. The new company, to be called Altadis, will be the biggest tobacco company in Europe. It was late Tuesday night when Seita and Tabacalera announced they had signed an agreement on a 50-50 merger between the two tobacco groups. The merger is part of a wave of consolidation in the industry. It creates a European tobacco firm big enough to rival the world's three biggest tobacco companies, Philip Morris, Japan Tobacco and BAT. Management of the new company, to be called Altadis, say the future looks exciting. SOUNDBITE: (French) "We've succeeded in having the same strategic vision for the two companies and there's a strong personal chemistry between Comolli and myself which has grown into a good friendship of which I'm very proud. Today we start the future for our new company, called Altadis, which I think will be a great success." SUPERCAPTION: Cesar Alierta, CEO Tabacalera The deal will be carried out on the basis of 19 Tabacalera shares for every six Seita shares. Seita shareholders will also receive an exceptional dividend of EUR5 (£3.50) per share once the merger goes through. Shares in Altadis will be quoted on both the Paris and Madrid stock exchanges. The head of French company Seita is delighted at the opportunities of the joint venture. SOUNDBITE: (French) "This creates a new leader in the tobacco market in Europe with immense buying power and market share in Western Europe where we produce 80 million cigarettes. And Altadis will be the number one cigarette producer in the world. And that's going to be pretty evident because Seita is already the number one and if you join the number one with the number two that can only re-enforce your leading position." SUPERCAPTION: Jean Dominique Comolli, CEO Seita Altadis will be the world's fourth largest tobacco group in terms of revenue and the largest producer of cigars, with a market share of close to 25% of world sales. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/253ba8f1f76475a9bcc438fef839dec1 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
https://wn.com/France_Tabacalera_Seita_Tobacco_Companies_Merger
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