Altria confirms FTC investigation of Juul as agency scrutinizes role in executive shakeup at vaping company

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Altria confirms FTC probe of Juul as agency scrutinizes role in executive shakeup at vaping company

Altria's $12.8 billion deal with Juul, which gave Altria a 35% stake in the vaping company, still needs antitrust approval from the agency.

"The FTC issued a Civil Investigative Demand to Altria while it was conducting its antitrust review of Altria's investment in JUUL seeking information regarding, among other things, Altria's role in the resignation of JUUL's former chief executive officer and the hiring by JUUL of any current or former Altria director, executive or employee," Altria disclosed in the filing.

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:

 /  🏆 12. in SG
 

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

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Altria writes down investment in troubled e-cigarette maker Juul by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Source: CNBC - 🏆 12. / 72 Read more »

Altria writes down Juul investment by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
Source: CNBC - 🏆 12. / 72 Read more »

Altria writes down Juul investment by $4.5 billion amid vaping crackdownThe tobacco giant said no single factor led to the charge, but it did cite the increasing regulatory pressure on vaping.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Altria writes down Juul investment by $4.5 billion amid vaping backlashAltria takes $4.5 billion hit from its investment in electronic-cigarette maker Juul amid vaping backlash Bad move ...in my mind premature. Better of doubling down on research why what 'causing' lung disease...over reaction in face of plain cigarette smoking known dangers...somebody will make a killing on swings and asset stripping.
Source: Reuters - 🏆 2. / 97 Read more »