TOKYO -- Japan Tobacco will not hesitate to pursue new merger and acquisition deals after it acquires Liggett Group parent Vector Group, the fourth-largest cigarette company in the U.S., JT Chief Financial Officer Hiromasa Furukawa told Nikkei.
JT announced the $2.4 billion Vector deal in August as it doubles down on the cigarette market, which it considers a stable driver of growth despite falling sales and other headwinds.
