A woman smokes a Juul e-cigarette in New York, U.S., September 27, 2018. REUTERS/Brendan McDermid
Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as per the terms of the investment agreement. The proposal would give Altria the right to nominate directors representing a third of Juul’s board. The company will otherwise remain independent.
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ParentsvsVape Not sure why they are asking. The basically wrote the regulations for the tobacco industry. And now they are trying to protect the tobacco industry from tobaccofree smokeless vapour products. prohibtion2.0
Why is the US coming down hard on e-cigarettes? They don’t want people to quit?