Tobacco giant Altria has announced its merger talks with Philip Morris international have come to an end. “While we believed the creation of a new merged company had the potential to create incremental revenue and cost synergies, we could not reach agreement,” said Howard Willard, Altria’s Chairman and Chief Executive Officer in a press release. […]
Cigar News: Altria and Philip Morris International Confirm Merger Talks
William Cooper Cigar News No Comments Altria, Nat Sherman, News, Philip Morris International
Altria Group Inc. has announced it is in discussions with Philip Morris International regarding a potential all-stock merger of equals. If the merger happens it will reunite the two groups. “There can be no assurance that any agreement or transaction will result from these discussions. Additionally, there can be no assurance that if an agreement […]