Swedish Match Agrees to $16 Billion Takeover by Philip Morris
11 Mai 2022 - 8:36AM
Dow Jones News
By Ian Walker
Swedish Match AB said Wednesday that it has received a 161.2
billion Swedish krona ($16 billion) public cash offer from Philip
Morris International Inc. which it recommends shareholders
accept.
Under the proposal, accepting shareholders of the
Stockholm-based company will get SEK106 in cash for each share
held. The price is a 39% premium to the company's share price of
SEK76.50 on Friday, the day before the Wall Street Journal reported
that the companies were in talks and they confirmed them.
On Monday, the Wall Street Journal said that the tobacco giant
was in talks over a potential $15 billion offer for Swedish Match,
a report that was later confirmed by both companies.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
May 11, 2022 02:21 ET (06:21 GMT)
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