Philip Morris International Inc. Confirms Discussions with Altria Group, Inc. Regarding Potential All-Stock, Merger of Equals
August 27 2019 - 9:23AM
Business Wire
Regulatory News:
Philip Morris International Inc. (NYSE: PM) today announced that
it is in discussions with Altria Group, Inc. (NYSE: MO) regarding a
potential all-stock, merger of equals. There can be no assurance
that any agreement or transaction will result from these
discussions. Additionally, there can be no assurance that if an
agreement is reached, that a transaction will be completed. Any
transaction would be subject to the approval of the two companies’
boards and shareholders, and regulators, as well as other
conditions. Philip Morris International intends to make no further
comment regarding the discussions unless and until it is
appropriate to do so.
Philip Morris International: Delivering a Smoke-Free
Future
Philip Morris International (PMI) is leading a transformation in
the tobacco industry to create a smoke-free future and ultimately
replace cigarettes with smoke-free products to the benefit of
adults who would otherwise continue to smoke, society, the company
and its shareholders. PMI is a leading international tobacco
company engaged in the manufacture and sale of cigarettes,
smoke-free products and associated electronic devices and
accessories, and other nicotine-containing products in markets
outside the U.S. PMI is building a future on a new category of
smoke-free products that, while not risk-free, are a much better
choice than continuing to smoke. Through multidisciplinary
capabilities in product development, state-of-the-art facilities
and scientific substantiation, PMI aims to ensure that its
smoke-free products meet adult consumer preferences and rigorous
regulatory requirements. PMI’s smoke-free IQOS product portfolio
includes heat-not-burn and nicotine-containing vapor products. As
of June 30, 2019, PMI estimates that approximately 8.0 million
adult smokers around the world have already stopped smoking and
switched to PMI’s heat-not-burn product, available for sale in 48
markets in key cities or nationwide under the IQOS brand. For more
information, please visit http://www.pmi.com and
www.pmiscience.com.
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876 31 34 Marian.Salzman@pmi.com
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