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Philip Morris, Altria call off merger

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Philip Morris and Altria Group end merger discussions

Sept 25 - Philip Morris International Inc has abandoned merger talks with Altria Group Inc, it said on Wednesday.

“After much deliberation, the companies have agreed to focus on launching IQOS in the U.S. as part of their mutual interest to achieve a smoke-free future,” Philip Morris Chief Executive Officer André Calantzopoulos said.

 

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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.

Could it be the impending storm of law suits and regulations

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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.
Source: CNBC - 🏆 12. / 72 Read more »

Philip Morris and Altria end merger talksThe companies also said they would focus on jointly launching an only-heated tobacco product called IQOS.
Source: CNBC - 🏆 12. / 72 Read more »