Hints and tips:
...Philip Morris International and Altria, which share rights to the Marlboro brand, trade at a blended multiple of 12 times next year’s earnings, while BAT is on just 7.5 times....
...Centerview notched some big wins in the early years from old and new clients including advising the likes of AB InBev, Altria, Kraft Foods and Rupert Murdoch’s News Corp....
...However, since then Altria has been forced to slash its valuation of Juul amid rising regulatory scrutiny....
...in Mulberry (FT) US regulators look to block $1.4bn Edgewell-Harry’s deal (FT) Worldline to buy Ingenico for €7.8bn as sector dealmaking intensifies (FT) + (Lex) Juul investors face writedowns after Altria...
...Juul holds more than two-thirds of the US ecigarette market by sales, leaving traditional tobacco companies such as Imperial, Altria and British American Tobacco trailing far behind....
...arguing that the mostly-stock alternative — which will consist of shares in AB InBev that will not trade publicly for five years — is not tenable and was designed to appeal to SABMiller’s major shareholders Altria...
...Philip Morris, the cigarette maker, tried to change its image by renaming itself Altria, after the Latin word for “high”....
...DD Altria Although it may not be a household name, tobacco company Altria owns a 26.6 per cent stake in SABMiller and some of the best-selling cigarette brands — including Marlboro, L&M and Benson & Hedges...
...Philip Morris-owner Altria, with 27 per cent, is already cash rich, holding $2.3bn of cash on its balance sheet at end-2010....
...Altria, of Marlboro fame, is postponing its $10bn purchase of UST, the leading chewing tobacco manufacturer. The slowdown is affecting all sectors....
...Yet a few of the largest deals, including the $34bn proposed buy-out of BCE and the $11.7bn acquisition of UST by Altria, remain alive and are plodding forward....
...The world’s second-largest US food company, which completed its spin-off from Altria in April this year, said it was expanding its board with two new independent members, Lois Juliber, the retired vice-chairman...
...Altadis is thought too small to buy Gallaher while Altria’s Philip Morris would run into competition problems in Sweden, Austria and Germany....
...Altria, the parent company of Philip Morris, rose 6.1 per cent to an all-time high of $74.96 and Reynolds American added 6.4 per cent at $83.80....
...A quick sale of Altria's effective 36 per cent stake with the lock-up expiring on June 30 seems unlikely, while macroeconomic risks in South Africa appear limited for now....
...brewer, the acquisition of Miller in 2002 has required a massive turnround to justify the acquisition premium associated with SABMiller’s $5.5bn purchase from Philip Morris, the tobacco group since renamed Altria...
...Altria owns Philip Morris USA, the largest of the companies targeted....
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