News Formal

Philip Morris, Altria call off merger

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Philip Morris and Altria Group end merger discussions

Sept 25 - Philip Morris International Inc has abandoned merger talks with Altria Group Inc, it said on Wednesday.

“After much deliberation, the companies have agreed to focus on launching IQOS in the U.S. as part of their mutual interest to achieve a smoke-free future,” Philip Morris Chief Executive Officer André Calantzopoulos said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No need to merge now that the vaping ban will be shoveling piles of money BACK to Philip Morris. Vaping bans should be awarded the cigarette salesman of the year award.

Could it be the impending storm of law suits and regulations

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:

 /  🏆 2. 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.

Philip Morris and Altria end merger talksThe companies also said they would focus on jointly launching an only-heated tobacco product called IQOS.
Source: CNBC - 🏆 12. / 72 Read more »

Philip Morris and Altria end merger talksThe companies also said they would focus on jointly launching an only-heated tobacco product called IQOS.
Source: CNBC - 🏆 12. / 72 Read more »