Vector Group Stock Rises After Cigarette Holding Company Acquired for $2.4B

Key Takeaways Cigarette holding company Vector Group agreed to be acquired by Japan's JT Group in a $2.4 billion deal. The price to be paid in cash represents a 7% premium to Vector's closing stock price Tuesday. JT Group has international rights to the Camel and Winston cigarette brands. Shares of cigarette holding company Vector Group (VGR) surged in intraday trading Wednesday after it agreed to be acquired by Tokyo-based JT Group, which has international rights to the Camel and Winston brands. JT Group w ...