Hints and tips:
...Philip Morris International has raised its offer for Swedish Match by almost 10 per cent, caving to pressure from activist hedge funds in a last-ditch effort to complete the takeover of the smokeless tobacco...
...Philip Morris International is nearing a deal to acquire European rival Swedish Match for about $16bn including debt, as the tobacco group bets on the rapidly growing market for cigarette alternatives....
...The chief executive of Philip Morris International has said the two houses of Marlboro will not be reunited, telling the Financial Times that PMI will no longer pursue a combination with fellow tobacco group...
...Still, new entrants such as Medicago might have difficulty convincing the public, which is probably more inclined to trust well-known vaccines....
...The 74-year-old Frenchman is chair of Vectura, a UK inhaler group whose board this month advised shareholders to back a £1bn takeover by Philip Morris International, the $157bn tobacco company best known...
...Cigarette manufacturers have long been known for their prodigious dividend yields — 5 per cent for Philip Morris, more than 7 per cent for Altria and BAT....
...Separately, the Takeover Panel announced on Monday an auction for the inhaler company Vectura, which tobacco group Philip Morris International and private equity firm Carlyle are vying for control of....
...Then it planned one for Vectura, the inhaler business at the centre of a bidding war between private equity group Carlyle and Philip Morris International, the maker of Marlboro cigarettes....
...Tobacco giant Philip Morris International has teamed up with youth-focused Vice Media to promote vaping, in a move that has alarmed health campaigners....
...Philip Morris International, which sells Marlboro cigarettes, wants to use its “capabilities in inhalation” to produce medical treatments — and sees acquiring Vectura as an important part of that plan....
...Read the story by DD’s Kaye Wiggins and the FT’s Philip Georgiadis here. Cascade, which manages Bill Gates’ fortune, is Signature’s largest shareholder, with a 19 per cent stake....
...Philip Morris is known for its heat-not-burn product Iqos. These cigarette-like devices produce fewer harmful chemicals than cigarette smoke. They have have sold well in some markets, such as Japan....
...Altria, the parent of Marlboro-owner Philip Morris USA, has ceased the sales and distribution services it had provided the San Francisco-based company....
...Originally from New York, KC — short for Kevin Carlyle — joined Philip Morris, as Altria was previously known, in a sales role in 1997 after attending Milwaukee’s Marquette University....
...The group formerly known as Imperial Tobacco said on Thursday it expected revenue growth of 2 per cent for the year ending September 30, down from previous guidance of up to 4 per cent....
...The tobacco group, parent of Marlboro-owner Philip Morris USA, valued its investment in Juul at $12.8bn at the end of June but said in a statement on Thursday accompanying its third-quarter results that...
...Philip Morris International and British American Tobacco have made submissions to an Australian parliamentary inquiry that is considering whether ecigarettes should be legalised....
...Philip Morris International cut its full-year earnings guidance as it prepares to pay damages stemming from two landmark Canadian smoking and health class action lawsuits....
...The change was announced just as talks ended over a $200bn merger between Altria and Philip Morris International, a collapse caused in large part by investor worries about the former’s investment in Juul...
...Luigi de Vecchi has been named the Paris-based Emea chairman of the unit, known internally as “BCMA,” according to a memo sent on Monday by Mr Falco and his global co-head of investment banking Tyler Dickson...
...Philip Morris USA is ready to roll out its heated tobacco device, IQOS, upon FDA approval, which is pending, the company added....
...Crosthwaite — president and chief executive of Philip Morris USA — to the role....
...Altria – which operates in the US through its Philip Morris USA subsidiary, the maker of Marlboro – was down 1.7 per cent at $70.38 after earlier falling as much as 5.5 per cent....
...Altria, the cigarette maker formerly known as Philip Morris, is unsurprisingly turning to the vaping market....
...Consumer staples, which make up 11 per cent of the value index, were the worst performers in April, dragged down by losses at stocks of Philip Morris, Kraft Heinz and Procter & Gamble....
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