Philip Morris Altria Merger
The mega merger would have reunited altria maker of the marlboro cigarettes with philip morris international which was spun out in 2008 the pair planned to team up to market.
Philip morris altria merger. And just like that philip morris international has slammed shut the door on a merger with altria a door it had propped open just days before. An altria philip morris merger is still a possibility but it likely wouldn t happen soon. In an interview with cnbc ceo andre.
With philip morris worth some 120bn and altria 88bn a deal would create a 200bn plus industry powerhouse. Philip morris shares have gained 4 4 in 2019 while altria has risen 1 8. The news hit the share prices of cigarette competitors with british american tobacco.
The dow jones industrial average djia 1 12 is up 11 on the year and the s p 500 spx 0 56 has matched that year.
