Rep. Buddy Carter rips Biden administration's 'ludicrous' plan to reportedly distribute ‘smoking kits'
The $2.75 billion cash deal includes an additional $500 million in cash payments contingent upon regulatory outcomes with respect to certain NJOY products. A man vapes in a street in Auckland, New Zealand, on Dec. 9, 2021. New Zealand on Tuesday passed into law a unique plan to phase out tobacco smoking by imposing a lifetime ban on young people buying cigarettes.
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Altria buys NJOY for $2.75B in new bet on e-cigarette marketAltria is betting that NJOY will prove to be an easier way to tap the market since six of the company’s products have received full approval from the Food and Drug Administration.
Source: nypost - 🏆 91. / 67 Read more »
Altria to buy e-cigarette startup NJOY for $2.8 bln after Juul exitAltria Group Inc said on Monday it would buy e-cigarette startup NJOY Holdings Inc for about $2.75 billion in cash, in fresh bets by the Marlboro maker on the fast-growing market after losing billions through its investment in Juul.
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Altria to light up vaping push with $2.8 bln NJOY bid after Juul fiascoAltria Group Inc said on Monday it would buy e-cigarette startup NJOY Holdings Inc for about $2.75 billion in cash, in a fresh bet by the Marlboro maker on the e-cigarette market after losing billions through its investment in Juul. We don't have enough 'addicting allowables' Let's market a few more.
Source: Reuters - 🏆 2. / 97 Read more »