RE: Will MCV buy 52 % of JTI that it does not ownThe timing , Mcvicar's acquisition history , and its need to grow accretively , makes such a move the next logical step.
The new plant is much larger , nearer the source of raw materials and its main customers, and will reduce operating costs considerably.
The only question is the timing and price.
Obviously , it wont go for less than book and it will be before the new plant drives sales and earnings upwards.