Cigarette holding company Vector Group agreed to be acquired by Japan's JT Group in a $2.4 billion deal. The price to be paid in cash represents a 7% premium to Vector's closing stock price Tuesday.

JT Group agreed to buy discount cigarette maker Vector Group Ltd. for about $2.4 billion to expand in the US, changing tack after war closed off its path for growth in Russia.

JT Group has agreed to buy discount cigarette-maker Vector Group for about ¥348.6 billion ($2.4 billion) to expand in the U.S., changing tack after war closed off its path for growth in Russia.