In response to recent market speculation, Philip Morris International Inc. (NYSE: PM) has confirmed that discussions are in progress with Swedish Match AB (GB: 0GO4) regarding a potential offer for the company. Through the potential deal, Philip Morris International aims to expand into alternative tobacco products and boost its exposure to the rapidly growing market for smoke-free products amidst heightened global scrutiny and regulations on the sale of traditional cigarettes.
https://www.tipranks.com/news/will-philip-morris-acquire-swedish-match-ab?utm_source=advfn.com&utm_medium=referral
Philip Morris (NYSE:PM)
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