U.S. Sues to Unwind Altria’s $12.8 Billion Investment in Juul

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The FTC is suing Altria to unwind its $12.8 billion investment in Juul, alleging that the Marlboro maker violated antitrust laws in the 2018 deal

“Altria and Juul turned from competitors to collaborators by eliminating competition and sharing in Juul’s profits,” Ian Conner, director of the agency’s Bureau of Competition, said in a press statement.

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:

 /  🏆 98. in NG
 

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

Wow!

How is this even legal?

Ah, abusing the laws to throw their dicks around. Gotta love petty bureaucrats.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Media Companies Must Face Coal Executive's $12 Billion Libel SuitDon Blankenship has received the green light to proceed in a defamation suit that blames quite a number of individuals and media organizations for his political loss
Source: THR - 🏆 411. / 53 Read more »

U.S. sues to force Altria to unwind investment in JUULThe U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL. Pardon.. that says “Force” ? I hate e-cigarette!
Source: Reuters - 🏆 2. / 97 Read more »

U.S. sues to force Altria to unwind investment in JUULThe U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL. Pardon.. that says “Force” ? I hate e-cigarette!
Source: Reuters - 🏆 2. / 97 Read more »