PMI to De-list Swedish Match After Raising Stake to 93%
Reuters - Philip Morris International (PMI) said on Monday it now owned a big enough stake in Swedish Match to initiate a compulsory redemption of remaining shares in its Swedish peer and would take it off the stock market.
Marlboro maker PMI in May launched a $16 billion takeover bid for the Swedish tobacco and nicotine products company.
Also read:
Philip Morris International in Advanced Talks to Acquire Swedish Match
*The content excerpted or reproduced in this article comes from a third-party, and the copyright belongs to the original media and author. If any infringement is found, please contact us to delete it. Any entity or individual wishing to forward the information, please contact the original author and refrain from forwarding directly from here.
