Normally these things fail on either management issues or price.
More Quotes from Zafar Khan:
It's quite sad - it shows that the management hasn't been able to act on any of the other options they were looking at - that someone might merge with them, or a buyout.Zafar Khan
That sentiment clearly is going to spill over into Imperial Tobacco, despite the fact that (the company has) zero exposure to the U.S. market,
Zafar Khan
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