Altria may have missed chance for merger of equals

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Tobacco companies Altria and Philip Morris International are talking about reuniting. But hopes of a true merger of equals may have burnt out, for now, writes tombuerkle.

Altria said on Aug. 27 that it was in discussions with Philip Morris International about a potential all-stock merger of equals. It said there was no assurance that the talks would lead to an agreement or transaction.

Altria spun off Philip Morris in March 2008 to allow the latter to pursue growth opportunities in emerging markets free of U.S. legal and regulatory constraints. Altria shares jumped more than 10% in early trading before settling back to $46.20 apiece, below their previous closing price, by noon New York time. Philip Morris stock was down around 5% at $74.20 after falling more than 10% in early trading.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 470. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Philip Morris in merger talks with Altria; e-cigs at stakePhilip Morris International Inc and Altria Group Inc are discussing an all-stock... Instead of merger talks, they should stop production of unhealthy products. Now two producers of carcinogens might merge... what is the benefit for consumers and societies? Sure, why not e-cigs are killing young people. Cigarettes kill other people perfectly matched.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Philip Morris in merger talks with Altria; e-cigs at stakePhilip Morris International Inc and Altria Group Inc are discussing an all-stock... Instead of merger talks, they should stop production of unhealthy products. Now two producers of carcinogens might merge... what is the benefit for consumers and societies? Sure, why not e-cigs are killing young people. Cigarettes kill other people perfectly matched.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Why Hasbro's $4 Billion eOne Acquisition May Trigger More Media MergersThe toymaker's move to snap up Entertainment One is another salvo in an M&A shootout that puts more smaller and mid-sized entertainment companies -- such as Lionsgate, AMC Networks and MGM -- in play. Peppa pig dropped an classic album no 🧢
Sumber: billboard - 🏆 112. / 63 Baca lebih lajut »