PMI to De-list Swedish Match After Raising Stake to 93%

MarketEvents

Nov.29.2022

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

#Europe #Traditional tobacco #Sweden #PMI #Major companies

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