Three&nbsp; giants are proposing to pay close to $25 billion to provinces and territories and more than $4 billion to tens of thousands of Quebec smokers and their loved ones as part of a corporate restructuring process triggered by a long-running legal battle.

A proposed plan of arrangement was filed in an Ontario court Thursday after the companies — JTI-Macdonald Corp., Rothmans, Benson &amp; Hedges and Imperial Tobacco Canada Ltd. — spent more than five years in negotiations with their creditors.

Unlike a settlement reached with U.S. tobacco companies, it doesn’t include measures to reduce tobacco use or public disclosure of documents{ai:summary}<p>Three tobacco companies have proposed a plan to pay nearly $25 billion to Canadian provinces and territories, along with over $4 billion to Quebec smokers and their families, as part of a corporate restructuring following a lengthy legal dispute. This plan was filed in an Ontario court.</p><p>The negotiations with creditors have spanned over five years, leading to this significant financial proposal. #economy</p>

Tobacco giants would pay $32.5B to provinces, smokers in ’historic’ settlement proposal

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