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Altria, Philip Morris End Merger Talks
Altria Group, Inc. (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) have ended merger discussions with Altria providing a statement on Juul leadership change and tightening 2019 full-year earnings guidance.
"While we believed the creation of a new merged company had the potential to create incremental revenue and cost synergies, we could not reach agreement," said Howard Willard, Altria's CEO. "We look forward to continuing our commercialization of IQOS in the U.S. under our existing arrangement."
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https://finance.yahoo.com/news/altria-ph...56812.html
![[Bild: PMc1dl1307.png]](https://finviz.com/publish/092519/PMc1dl1307.png)
Altria Group, Inc. (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) have ended merger discussions with Altria providing a statement on Juul leadership change and tightening 2019 full-year earnings guidance.
"While we believed the creation of a new merged company had the potential to create incremental revenue and cost synergies, we could not reach agreement," said Howard Willard, Altria's CEO. "We look forward to continuing our commercialization of IQOS in the U.S. under our existing arrangement."
...
https://finance.yahoo.com/news/altria-ph...56812.html
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