Philip Morris

Philip Morris Not Planning To Drop $16bn Swedish Match Bid: CEO

Philip Morris International is not considering withdrawing its offer for Swedish Match despite deteriorating global economic conditions and has 'options on...

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...

Tobacco Group Swedish Match's Profit Narrowly Beats Estimates

Swedish Match, which is the target of an agreed $16 billion (€15.7 billion) bid by Philip Morris International, has reported second-quarter operating...

Swedish Match Investors Divided Over Philip Morris Bid

Some Swedish Match investors are divided about whether Philip Morris' $16 billion offer for the Stockholm-based company is good value for one of the world'...

Philip Morris Bids €15bn For Swedish Match

Philip Morris International Inc said it was making a recommended cash offer to buy tobacco and nicotine products maker Swedish Match for SEK 106 Swedish cr...

Philip Morris In Talks To Buy Rival Swedish Match

Philip Morris International Inc is in talks to buy rival Swedish Match AB, the companies said on Monday, as the Marlboro maker looks to expand its smoke-fr...