Tobacco Documents Online

January z7 , 1954 Philip Morris & Co. Ltd., Incorporated 100 Park Avenue New York 17, N. Y. Dear Sirs: The final Prospectus (in which you are sometimes re- ferred to as the "Company"), included in the Registration State- ment which you have filed with the Securities and Exchange Com- mission under the Securities Act of 1933 in respect of shares of your Common Stock proposed to be issued to holders of Common Stock of Benson and Hedges pursuant to the Exchange Offer set forth in said Prospectus, states the followin.g: "Tobacco and Allied Stocks, Inc. has in- formed the Company that it intends to accept the Exchange Offer with regard to the 21+2,759 shares of B enson and Hedges Common Stock which it owns.t' We hereby confirm that such statement is correct and that the shares of Common Stock of Philip Morris acquired by us pursuant to the Exchange Offer are being acquired for our own account for investment and not with a view to any public offer- ing thereof. We further confirm the correctness of the statements made with reference to us in the last paragraph of the subsec- tion "Principal Stockholderstt under ttDirectors, Officers and Principal Stockholders.t' ~ C V ery truly yours, TOBACCO AND ALLIED STOCKS, INC. OL