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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...

Altria Gets $2.7bn From Philip Morris For IQOS U.S. Sales Rights

U.S. cigarette maker Altria Group Inc said industry peer Philip Morris International Inc (PMI) has agreed to pay it $2.7 billion (€2.76 billion) for t...

Imperial Brands Launches Share Buyback Programme, Issues Trading Update

Imperial Brands has launched a multi-year share buyback programme that aligns with its five-year strategy to deliver sustainable growth and enhanced shareh...

Philip Morris Appoints Two Former US FDA Officials To Key Roles

Philip Morris International Inc has appointed two former US Food and Drug Administration (FDA) officials to key positions at a time when tobacco companies...

BAT Study Finds Glo Less Toxic Than Cigarettes, Scientists Sceptical Of Benefits

British American Tobacco (BAT) said a year-long study evaluating the potential harm reduction of using heated tobacco products compared to cigarettes will...

Activist Investor Elliott Raises Stake In Swedish Match To Above 5%

Activist investor Elliott Investment Management's stake in Swedish Match crossed 5% on Friday, making it the biggest shareholder in the tobacco and nicotin...