Thursday, November 22, 2007 6:10 pm | 
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Japan Tobacco to acquire frozen-food maker Katokichi
Japan Tobacco Inc., the nation’s biggest cigarette company, agreed to buy frozen-food maker Katokichi Co. for 109 billion yen ($1 billion) to double food sales as smokers dwindle in its home market.
[BLOOMBERG]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
