Philip Morris International CEO on ending merger talks with Altria

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Would Philip Morris and Altria have reached a deal if there wasn’t a crackdown on vaping? Here’s what the CEO of Philip Morris International had to say in his exclusive interview with davidfaber.

 

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Philip Morris International And Altria Call Off $200 Billion Merger
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Philip Morris and Altria end merger talksThe companies also said they would focus on jointly launching an only-heated tobacco product called IQOS.
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Philip Morris and Altria end merger talks following chilly response from investorsPhilip Morris International and Altria have called off discussions to reunite the tobacco giants — a merger of equals that received a chilly reception from investors. Tobacco companies need to be ostracized and their products pulled from the shelves. If vap cigs are bad so are cigarettes and alcohol. generally stop producing this poison ... it probably burns oxygen per day comparable to gasoline cars Why did they split in the first place?
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Philip Morris, Altria call off mergerPhilip Morris International Inc has abandoned merger talks with Altria Group Inc... Could it be the impending storm of law suits and regulations 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.
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