Altria confirms FTC investigation of Juul as agency scrutinizes role in executive shakeup at vaping company

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Altria confirms FTC probe of Juul as agency scrutinizes role in executive shakeup at vaping company

Altria's $12.8 billion deal with Juul, which gave Altria a 35% stake in the vaping company, still needs antitrust approval from the agency.

"The FTC issued a Civil Investigative Demand to Altria while it was conducting its antitrust review of Altria's investment in JUUL seeking information regarding, among other things, Altria's role in the resignation of JUUL's former chief executive officer and the hiring by JUUL of any current or former Altria director, executive or employee," Altria disclosed in the filing.

 

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