STOCKHOLM–Swedish Match AB said late Thursday that it recommends shareholders accept Philip Morris International Inc.’s increased offer for the company. Philip Morris PM, -0.04% last week raised its takeover bid Read more
Tag: Cigarettes
Altria takes on Juul, Philip Morris in smoke-free tobacco
Marlboro maker Altria Group Inc. said it is forming a partnership with Japan Tobacco Group to develop and sell heated tobacco devices in the U.S. and abroad. The move pits Read more
Philip Morris boosts Swedish Match bid and buys U.S. rights to Iqos
Philip Morris International Inc. raised its offer for Swedish Match by 9.4% and has agreed to pay $2.7 billion to regain the U.S. rights for its IQOS heated tobacco products Read more
Philip Morris increases bid for Swedish Match to SEK116/share, says won’t increase price further
Philip Morris International Inc. PM, +0.19% on Thursday raised its takeover offer for Swedish Match AB SWMA, +1.77% in a deal that values the Swedish tobacco company at 176.4 billion Read more
Imperial Brands to launch buybacks of up to $1.13 billion, says trading was in line with expectations
Imperial Brands PLC said Thursday that it is launching a share-buyback program of up to one billion pounds ($1.13 billion), and that its performance for the year ended Sept. 30 Read more
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own Read more
U.S. stock futures push lower, with disappointing Snap results weighing on the tech sector
U.S. stock index futures were tilting south on Friday with technology stocks set to lead with losses after disappointing Snap results, though the week was set to deliver strong gains Read more
Online Tobacco Shops and Cheap Cigarettes from Europe
Cheap cigarettes from Europe are increasingly being imported into Northern America and especially into USA. If you look closely into typical cases of imports it becomes clearer to one and Read more