TOKYO -- Japan Tobacco aims to secure more cash to invest in e-cigarettes and other heated tobacco products with its $2.4 billion acquisition of U.S.-based Vector Group, in a bid to catch up to global rivals in the rapidly growing field.
$2.4bn acquisition to accelerate investment into growing market
E-cigarettes or vapes are becoming an increasingly popular option for smokers around the world. © Reuters
TOKYO -- Japan Tobacco aims to secure more cash to invest in e-cigarettes and other heated tobacco products with its $2.4 billion acquisition of U.S.-based Vector Group, in a bid to catch up to global rivals in the rapidly growing field.