Philip Morris clinches £14bn deal to buy smoke-free tobacco firm
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작성자 Etha… 작성일23-09-10 02:02 조회4,759회 댓글0건본문
The maker of Marlboro cigarettes will snap up the Swedish manufacturer of smoke-free tobacco products for £14billion after Elliott Management backed the deal.
Philip Morris International will take control of Swedish Match, having secured approval from 83 per cent of its shareholders.
Activist investor Elliott had built a 10.5 per cent stake in the Stockholm-based business and initially opposed the offer.
Buyout: "http://nordvin.by/question/uusimmat-nikotiinipussit-nauti-makeuttomasta-vapaa-ajan-hetkestasi/ Philip Morris International will take control of smoke-free tobacco firm Swedish Match, having secured approval from 83% of its shareholders
But it is now believed to have offered up its shares to Philip Morris, paving the way for the takeover to proceed.
Swedish Match makes alternatives to cigarettes, including snus, a tobacco product placed between the upper lip and gum. The business also sells tobacco-free nicotine pouch Zyn.
Philip Morris is picking up the business as it looks to move away from cigarettes to so-called next generation products to create a ‘smoke-free future'.
Buying Swedish Match will also give it a foothold in the smoke-free tobacco market in the US, where the Swedish firm is a major player.
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Philip Morris International will take control of Swedish Match, having secured approval from 83 per cent of its shareholders.
Activist investor Elliott had built a 10.5 per cent stake in the Stockholm-based business and initially opposed the offer.
Buyout: "http://nordvin.by/question/uusimmat-nikotiinipussit-nauti-makeuttomasta-vapaa-ajan-hetkestasi/ Philip Morris International will take control of smoke-free tobacco firm Swedish Match, having secured approval from 83% of its shareholders
But it is now believed to have offered up its shares to Philip Morris, paving the way for the takeover to proceed.
Swedish Match makes alternatives to cigarettes, including snus, a tobacco product placed between the upper lip and gum. The business also sells tobacco-free nicotine pouch Zyn.
Philip Morris is picking up the business as it looks to move away from cigarettes to so-called next generation products to create a ‘smoke-free future'.
Buying Swedish Match will also give it a foothold in the smoke-free tobacco market in the US, where the Swedish firm is a major player.
RELATED ARTICLES
Previous
1
Next
ALEX BRUMMER: Big changes in Washington will result in big... 'Appalling' lack of women in top jobs: Anger over lack of... North Sea group Ithaca Energy valued at £2.5bn ahead of its... Apple warns of Christmas iPhone shortages after Covid...
Share this article
Share
HOW THIS IS MONEY CAN HELP
How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing platform
DIY INVESTING PLATFORMS
Stocks & shares Isa
Stocks & shares Isa
Easy investing
Capital at risk. Isa rules & T&Cs apply.
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
£9.99 monthly fee
One free £5.99 trade per month
Social investing
Social investing
Share investing
30+ million global community
Model portfolios
Investment account
Free fund dealing
Free financial coaching
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.
> Compare the best investing platform for you
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