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Philip Morris International Inc

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  • Friday, 13 May, 2022
    The Top LineTom Braithwaite
    Philip Morris has resolved big tobacco’s burning issue

    Even if its $16bn investment in Swedish Match disappoints, annual cigarette sales of 600bn provide decent insurance

  • Wednesday, 11 May, 2022
    Philip Morris International strikes $16bn deal for Swedish Match

    Acquisition takes company further into market for tobacco-free alternatives to cigarettes

  • Tuesday, 10 May, 2022
    Lex
    Philip Morris/Swedish Match: nicotine alternatives in vogue for a smokeless future Premium content

    European group’s success with chewing tobacco and pouches make for a tidy addition

  • Monday, 9 May, 2022
    Tobacco
    Philip Morris International nears $16bn deal for Swedish Match

    Marlboro seller close to acquisition of maker of snus tobacco pouches in further shift away from cigarettes

  • Saturday, 12 February, 2022
    News in-depthTobacco
    Big Tobacco struggles to convince investors it can quit cigarettes

    Companies turn to share buybacks as investors ditch stocks over ESG concerns

  • Tuesday, 9 November, 2021
    Interview
    Philip Morris rules out future merger with Altria

    Chief executive Jacek Olczak tells FT that chapter involving fellow tobacco group is ‘closed’

  • Wednesday, 13 October, 2021
    Covid-19 vaccines
    Philip Morris-backed group to launch plant-based Covid vaccine

    Japanese pharma company says Medicago’s product will be cheaper to make and easier to transport

  • Thursday, 16 September, 2021
    Tobacco group Philip Morris wins control of inhaler company Vectura

    Cigarette maker secures majority of shares in UK-based medical device manufacturer

  • Friday, 20 August, 2021
    Mergers & Acquisitions
    Vectura investors under the microscope as Philip Morris hunts victory

    Shareholders in UK inhaler maker will have final say in a takeover battle that has divided opinion

  • Wednesday, 18 August, 2021
    Brooke Masters
    Moral outrage over Philip Morris’s bid for Vectura is misplaced

    We must allow companies to reinvent themselves and address the problems they helped create

  • Friday, 13 August, 2021
    FT News Briefing podcast9 min listen
    Airbnb up on travel recovery; financial technology grows in Africa

    Short-term rental provider reports strong revenue growth, but warns on spread of Covid variants

  • Thursday, 12 August, 2021
    Mergers & Acquisitions
    Tobacco group PMI wins support of Vectura’s board for £1bn takeover

    Inhaler maker draws criticism from health charity for ‘absurd’ deal

  • Monday, 9 August, 2021
    Helen Thomas
    Vectura auction doesn’t let its board off stakeholder hook

    UK inhaler group has bungled handling competing interests from cigarette-maker Philip Morris and Carlyle

  • Monday, 9 August, 2021
    Vectura Group PLC
    Philip Morris and Carlyle face auction in battle for inhaler group

    UK regulator to oversee five days of bidding for Vectura by cigarette producer and private equity firm

  • Sunday, 8 August, 2021
    Private equity
    Philip Morris raises offer in bidding war for UK inhaler group Vectura

    Tobacco group lifts bid above £1bn in battle with Carlyle as private equity targets British businesses

  • Sunday, 25 July, 2021
    Philip Morris to stop selling Marlboro cigarettes in UK within 10 years

    Brand ‘will disappear’ from UK shelves under diversification strategy, says chief executive

  • Tuesday, 20 July, 2021
    Helen Thomas
    When corporate purpose goes up in smoke

    Philip Morris International’s deal to buy inhaler company Vectura creates confusion on both sides

  • Friday, 16 July, 2021
    News in-depthTobacco
    Big Tobacco struggles to convince critics it can kick the cigarettes

    Many groups are diversifying but the traditional smoking business is still the big money spinner

  • Friday, 9 July, 2021
    LexMergers & Acquisitions
    Philip Morris/Vectura: inhale seizer seeks future beyond smoke Premium content

    A danger for the tobacco group is expanding wholesale into industries where similarities with its core business are only superficial

  • Friday, 9 July, 2021
    Mergers & Acquisitions
    Marlboro maker Philip Morris strikes deal for UK inhaler group Vectura

    Tobacco giant gatecrashes agreement with Carlyle in quest to become ‘healthcare and wellness’ group

  • Saturday, 16 January, 2021
    Tobacco
    Anti-smoking group accused of serving interests of tobacco industry

    Former employee suing US foundation argues support for vaping is a boost for cigarette makers

  • Friday, 18 October, 2019
    News in-depthFormula One Holdings Ltd
    Vaping backlash threatens to slam brakes on F1 sponsorship 

    Scrutiny of e-cigarettes casts cloud over deals between Big Tobacco and motorsports 

  • Thursday, 26 September, 2019
    Due Diligence
    Tobacco burns: a $200bn merger collapses and a CEO is ousted Premium content

    Welcome to Due Diligence, the FT’s daily deals briefing

  • Wednesday, 25 September, 2019
    LexMergers & Acquisitions
    PMI/Altria: the vape escape  Premium content

    Souring taste of Juul cuts appetite for deal 

  • Wednesday, 25 September, 2019
    Altria Group Inc
    E-cigarette crackdown prompts shake-up in tobacco sector

    Juul ousts CEO and suspends US ads as Philip Morris International and Altria end $200bn merger talks

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