News Formal

Philip Morris announces merger talks with Altria Group

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Philip Morris says its talks with the Altria Group are at early stages so there can be 'no assurance' that an agreement would be reached.

, and cannabis giant, and would reconnect the companies: Altria spun off Philip Morris International in 2008, and still owns Philip Morris USA.

Virginia-based Altria posted net earnings of nearly $7 billion in 2018, while Philip Morris took in $7.9 billion. The company recently received US regulatory approval to introduce IQOS, which heats tobacco but does not burn it. Altria plans to market IQOS in the United States as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GP-Nagata to elevate the marketing game for Philippine businessesGame Plan Marketing Solutions, Inc. and AD Nagata announce collaboration to serve Philippine market
Source: rapplerdotcom - 🏆 4. / 86 Read more »