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JTI-Macdonald Opposes $32.5B Settlement Proposal with Provinces and Smokers

  • JTI-Macdonald Corp. objects to a proposed $32.5 billion settlement, citing unresolved allocation issues among participating tobacco companies.
  • The settlement plan includes $24 billion for provinces and $4 billion for Quebec smokers, pending approval by creditors and the court.
  • Other provisions allocate $2.5 billion for smokers in other regions and $1 billion for a preventive health foundation.