Trending: Philip Morris Boosts Swedish Match Offer
20 Oktober 2022 - 4:30PM
Dow Jones News
10:00 ET -- Philip Morris International Inc. is one of the most
talked about companies in the U.S. across all news items in the
last 12 hours, according to Factiva data. Philip Morris boosted its
takeover offer for Swedish Match AB and agreed to pay $2.7 billion
to regain the U.S. rights for its IQOS heated tobacco products from
Altria Group Inc. The company also posted better-than-expected
third-quarter financial results. Philip Morris shares slip 0.4%.
Dow Jones & Co. owns Factiva. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
October 20, 2022 10:15 ET (14:15 GMT)
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