Philip Morris, Altria call off merger talks

Philip Morris, Altria call off merger talks

Philip Morris International has scrapped merger talks with Altria Group and will instead focus on the launch of its tobacco-heating product iQOS in the US. The abandonment of the $200 billion planned merger comes at a time when e-cigarettes and vaping are facing intense regulatory scrutiny.

Timothy
Timothy
Sir_Kutz
Sir_Kutz 6 months

Yeah, now with vaping prohibition on the horizon they are thrilled to take over the industry. I can’t see how this wouldn’t be seen as corruption.

Katharine
Katharine 6 months

good

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