Reuters exclusively revealed Philip Morris is set to win unconditional European Union antitrust approval for its $16 billion bid for tobacco and nicotine products maker Swedish Match. Marlboro-maker Philip Morris announced its cash offer for the Stockholm-based group at 106 crowns per share in May, seeking to expand in the fast-growing market for cigarette alternatives.
Business & Finance
04 October 2022, 8:40 pm. 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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