Plus   Neg

Philip Morris, Altria Confirm Merger Talk - Quick Facts

Philip Morris International Inc. (PM) and Altria Group Inc. (MO) are in discussions regarding a potential all-stock, merger of equals, the companies said Tuesday.

The two tobacco companies said that there can be no assurance that any agreement will result from these discussions.

Altria, the parent company of Philip Morris USA, spun off Philip Morris International in 2008. A deal would bring them back together.

PM is currently trading at $74.74, down $3.00 or 3.85 percent. But, MO is trading at $52.30, up $5.18 or 10.99 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that the current state of the COVID-19 pandemic in the U.S. is "really not good." The U.S. is the country worst-affected by the coronavirus and has recently seen a surge in coronavirus infections as lockdown restrictions are eased. Granules Pharmaceuticals, Inc. recalled twelve (12) lots of type 2 diabetes medication Metformin hydrochloride Extended-Release, in the form of oral film-coated tablets, for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Palantir Technologies Inc., the Silicon Valley big data analytics company that has handled U.S. government's certain sensitive projects, said it has confidentially filed documents with the Securities and Exchange Commission to go public. In a statement, the company said the proposed public listing of its Class A common stock is expected to take place after the SEC completes its review process.
Follow RTT