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BREAKING: Philip Morris International says it is in talks with Altria Group regarding a potential all-stock merger. cnbc.com
Shares of Altria are jumping 8% in the pre-market; shares of Philip Morris Intl. down 3%
Shares of Altria are jumping 8% in the pre-market; shares of Philip Morris Intl. down 3%
MORE: Philip Morris International confirms it’s in merger talks with Altria.
cnb.cx/2MGnZ86
cnb.cx/2MGnZ86
Shares of Altria lose most of their gains after sources told CNBC that a merger with Philip Morris Intl. would have no premium. The deal would result in a split board and management and a final announcement could happen within weeks, sources also said.
cnb.cx/2MGnZ86
cnb.cx/2MGnZ86
