News: Deals: Reports

Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Hanjaya Mandala Sampoerna Tbk PT & Philip Morris Indonesia PT	Update Date: 01/03/08
Date Announced: 03/09/05
Value (million $USD): 3.14 billion U.S. Dollar 29,375.88 billion Indonesian Rupiah

Status: Completed

TRANSACTION DETAILS
Date Announced	03/09/05
Date Originally Announced	03/09/05
Format	Merger	Acquisition techniques	Tender Offer; Tender/Merger; Mandatory Offering
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	3.14 billion U.S. Dollar 29,375.88 billion Indonesian Rupiah	Advisor Fees	n/a

SYNOPSIS

INDONESIA - Philip Morris Indonesia PT (PM), a wholly-owned unit of Altria Group Inc's wholly-owned Philip Morris International Inc subsidiary, acquired the remaining 60% interest, or 2.63 bil ordinary shares, which it did not already own, in Hanjaya Mandala Sampoerna Tbk PT (HM), a cigarette manufacturer and wholesaler, for an estimated 29.376 tril Indonesian rupiah ($3.143 bil US). PM offered 10,600 rupiah ($1.134) in cash per share, or a total value of 27.876 tril rupiah ($2.983 bil) and assumption of an estimated 1.5 tril rupiah ($160.5 mil) in liabilities. Earlier, PM completed its tender offer for HM by accepting 4.295 bil ordinary shares, or 98% of HM's shares outstanding. Concurrently, PM acquired a 40% stake, or 1.753 bil ordinary shares, in HM. The transaction was approved by the customary regulatory review and the Indonesian Securities Custodian.

TARGET
Name	Hanjaya Mandala Sampoerna Tbk PT (Surabaya : HMSP)
Industries	Tobacco and tobacco products
City	Jakarta
State	n/a
Nation	Indonesia
Incorporated in	n/a
Public Status	Public
Business Description	Manufacture and wholesale cigarettes
Advisors	NULL
Target Sales	1.89 billion U.S. Dollar 17,646.69 billion Indonesian Rupiah

ACQUIROR
Name	Philip Morris Indonesia PT
Industries	Tobacco and tobacco products
City	Jakarta
State	n/a
Nation	Indonesia
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Manufacture and wholesale cigarettes
Advisors	Credit Suisse First Boston Corp
Acquiror Sales	n/a

Home Portfolio Calculators Contact Us Newsletters Podcasts RSS Mobile Widgets Site Map User Preferences Advertise with Us
Magazine Customer Service Download Fortune Lists Reprints Career Opportunities Special Sections Conferences Business Leader Council

Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer

Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.