Vector Group’s Strategic Merger and NYSE Delisting Completed

An update from Vector Group ( (VGR) ) is now available.

Vector Group Ltd. successfully completed a merger with JTI (US) Holding Inc., where Vapor Merger Sub Inc. initiated a tender offer to purchase all outstanding Vector Group shares at $15 each. The offer, which concluded on October 4, 2024, saw roughly 68.67% of shares tendered, meeting the minimum conditions for the merger. Subsequently, on October 7, 2024, the merger was finalized under Delaware law, resulting in Vector Group becoming a wholly owned subsidiary of the parent company. The transaction, valued at about $3.4 billion excluding related fees and expenses, led to the delisting of Vector Group’s shares from the New York Stock Exchange.

For detailed information about VGR stock, go to TipRanks’ Stock Analysis page.