Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
Tag: Swedish Match
Juul Ban Will Send Altria’s Strategy, and $13 Billion, Up in Smoke
Altria Group disastrous investment in Juul Labs is taking another turn for the worse. On Wednesday, The Wall Street Journal reported that the Food and Drug Administration is preparing to remove Juul e...
Altria’s Cigarette Addiction Is Becoming Unhealthier
For years tobacco companies have been fighting regulators more than each other. That might be about to change, and Altria MO -0.61% in particular needs a game plan. If Philip Morris International’s PM...
Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock
Text size Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini/AFP via Getty Images Philip Morris‘ potential acquisition of Swedish Mat...