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  • May 2000 (Revised May 2001)
  • Case
  • HBS Case Collection

Debt Policy at UST Inc.

  • Format:Print
  • | Pages:14
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Abstract

UST, Inc. is a very profitable smokeless tobacco firm with low debt compared to other firms in the tobacco industry. The setting for the case is UST's recent decision to substantially alter its debt policy by borrowing $1 billion to finance its stock repurchase program.

Keywords

Capital Structure; Consumer Products Industry; Agriculture and Agribusiness Industry

Citation

Mitchell, Mark L. "Debt Policy at UST Inc." Harvard Business School Case 200-069, May 2000. (Revised May 2001.)

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