Altria confirms Philip Morris International merger talks
Altria Group Inc confirmed Aug. 27 that it is in discussions with Philip Morris International Inc regarding an all-stock merger of equals. Philip Morris is a cigarette and tobacco manufacturing company with a $114.67 billion market cap. Altria produces and markets tobacco, cigarettes and related products; it has a $95.5 billion market cap. Philip Morris International was part of Altria Group until 2008 when it was spun out.
27 August 2019•3 mins read
