We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Burning ambition

10 December 2006 By John Foley

It s hard to make tobacco mergers stack up. Japan Tobacco may find it especially hard to create value from buying Gallaher. Tobacco companies may be tempted to do deals to prop up flagging growth. But returning more cash to investors would be a better option.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)