Historic $32.5-billion tobacco proposal faces final test in series of hearings | Unpublished
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Source Feed: The Globe and Mail
Author: Paola Loriggio
Publication Date: January 28, 2025 - 07:19

Historic $32.5-billion tobacco proposal faces final test in series of hearings

January 28, 2025
A historic proposal that would see three major tobacco companies pay out billions to provinces and territories as well as former smokers across Canada is set to face its final test over the coming weeks.The proposed $32.5-billion settlement between the companies – JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. – and their creditors received unanimous support from those creditors in a vote last month and must now obtain the court’s approval.


Unpublished Newswire

 
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