Altria surges as Philip Morris confirms talks
There are rumours of the companies — which split operations a decade ago — getting back together, especially with Altria owning vaping company Juul
27 August 2019 - 17:04
Chicago — Philip Morris International, the maker of Marlboro cigarettes in overseas markets, is in merger talks with Altria Group about a deal that would re-unite the tobacco giants more than 10 years after they split their operations.
Altria shares surged the most since October 2008 on the news, rising as much as 11%. Philip Morris declined as much as 7.6%, the most since December...
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