Reuters reveals Philip Morris set for EU nod on Swedish Match deal – Reuters News Agency

Business & Finance

Reuters exclusively revealed Philip Morris is set to win unconditional European Union antitrust approval for its $16 billion bid for tobacco and nicotine products maker Swedish Match. Marlboro-maker Philip Morris announced its cash offer for the Stockholm-based group at 106 crowns per share in May, seeking to expand in the fast-growing market for cigarette alternatives.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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