Vector Group’s $52 Million Public Offering


Latham & Watkins LLP represented the underwriters in the offering.

Vector Group Ltd. executed its underwritten public offering of 5 million shares of its common stock. In addition, Vector Group has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of Vector Group’s common stock at the offering price.

Vector Group Ltd., a holding company for Liggett Group LLC, Vector Tobacco Inc., New Valley LLC, and Douglas Elliman Realty, LLC, currently intends to use the net proceeds from the offering for general corporate purposes.

Latham & Watkins LLP represented the underwriters, led by Jefferies LLC, with a corporate team led by New York partners Stelios Saffos (Picture), Peter Sluka, and Benjamin Stern, with associates Yi Han Goh, Brian Yoon, and Tina Jeon.

Involved fees earner: Yi Han Goh – Latham & Watkins; Tina Jeon – Latham & Watkins; Stelios Saffos – Latham & Watkins; Peter Sluka – Latham & Watkins; Benjamin Stern – Latham & Watkins; Brian Suk Jin Yoon – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Jefferies;

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Author: Ambrogio Visconti