Swedish Match | ESM Magazine

Philip Morris Lifts Profit Forecast On Higher Pricing, ZYN Growth

Philip Morris International (PMI) has raised its annual profit forecast as third-quarter earnings beat expectations thanks to higher cigarette prices,...

Philip Morris Aims To Launch IQOS In Two US States In 2024

Philip Morris International said it plans to launch its flagship heated tobacco device IQOS in two US states in 2024 as it doubles down on its shift away f...

Philip Morris Trims Annual Profit Forecast On Elevated Costs

Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labour costs.

Philip Morris To De-List Swedish Match After Raising Stake To 93%

Philip Morris International (PMI) said it now owned a big enough stake in Swedish Match to initiate a compulsory redemption of remaining shares in its Swed...

Philip Morris Clinches Swedish Match After Smoking Out Opposition

Philip Morris International (PMI) is going ahead with its $16 billion takeover of Swedish Match despite securing slightly less than the 90% stake it w...

Philip Morris Wins Elliott Backing For $16bn Swedish Match Takeover: Report

Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International's (PMI) $16 billion (€16.03 billion...

Elliott Raises Swedish Match Stake Again As Philip Morris Deadline Looms

Activist investor Elliott Management Corp has raised its stake in Swedish Match to over 10%, it said in a filing on Friday (28 October), increasing its clo...

Philip Morris To Get EU Nod For Swedish Match With Asset Sale, Sources Say

Philip Morris is set to gain EU antitrust approval for its $16 billion (€16.2 billion) bid for Swedish Match after offering to sell the target's logis...