Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival

Philip Morris International is in advanced talks to acquire Swedish Match according to people familiar with the matter, in a deal that could be valued at roughly $15 billion or more and bolster the tobacco giant’s exposure to the rapidly growing market for smoke-free brands.

The talks between U.S.-based Philip Morris and Stockholm-based Swedish Match could yield a deal as soon as this week, the people said, cautioning that the talks could still fall apart. The potential terms and contours of any deal couldn’t be learned.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

PySpark Broadcast variables and Accumulator

Next Article

Denzel Curry Thinks He's the Best Rapper Alive, Discusses New Album, Acting and More

Related Posts