Philip Morris Upgraded to Buy at Argus on Growth Outlook
Elliott Management Backs Philip Morris's $16B Swedish Match Buyout
Philip Morris International Inc (NYSE:PM) is going ahead with its $16 billion takeover of Swedish Match AB (OTC: SWMAY) (OTC: SWMAF) despite failing to achieve the 90% acceptance rate.Marlboro maker h
Philip Morris ‘under Pressure’ to Increase Swedish Match Bid - Bloomberg
Philip Morris (NYSE:PM) Ceo Jacek Olczak said he is facing pressure to increase the company's offer for Swedish smokeless tobacco giant Swedish Match (OTCPK:SWMAY). The bulk of the pressure is said to
Hedge Funds Said to Amass Large Stakes in Swedish Match to Pressure Philip Morris Intl
Several large hedge funds have taken stakes in Swedish Match (OTCPK:SWMAF) as they try to pressure Philip Morris International (NYSE:PM) to increase its $16 billion offer for the smokeless tobacco com
Elliott Management Started Buying Swedish Match Stock After Philip Morris $16B Bid - What's Next
Philip Morris International Inc (NYSE:PM) may have to increase its Swedish Match AB's (OTC: SWMAY) $16 billion bid to gain full ownership of the smokeless-tobacco maker, writes Wall Street Journal.Phi
Activist Elliott targets raising Swedish Match stake above 5% - report
Activist Elliott Management is said to be planning to raise its stake in Swedish Match (OTCPK:SWMAY) above 5%. Elliott is accumulating the stake as it plans to oppose Swedish Match (OTCPK:SWMAF) sale
Swedish Match AB (publ) Non-GAAP EPS of SEK 1.07, revenue of SEK 5.56B
Swedish Match AB (publ) press release (OTCPK:SWMAY): 1H Non-GAAP EPS of SEK 1.07. Revenue of SEK 5.56B (+23.6% Y/Y). Outlook: Capital expenditures are expected to be of a similar magnitude as in 20
Altria is a ‘melting ice cube’, Barclays says in downgrade to Sell-equivalent
Barclays analyst Gaurav Jain made no bones about calling Altria (NYSE:MO) a declining business on Wednesday. Jain told clients that with limited exposure to next generation products,the overhang of J
Philip Morris bid for Swedish Match finds mixed reception from major shareholders
Philip Morris' (NYSE:PM) blockbuster $16 billion bid for Swedish Match (OTCPK:SWMAY) isn't pleasing to all parties apparently. Per Reuters, Bronte Capital, a major shareholder in the Swedish snus gian
Philip Morris (PM.US) issued a formal takeover offer to Swedish Match (SWMAY.US) shareholders involving an amount of $16 billion
The Zhitong Finance App learned that American tobacco company Philip Morris (PM.US) announced on Wednesday that its subsidiary Philip Morris Dutch Holdings has issued a cash purchase offer of SEK 106 per share to shareholders of Swedish Match (SWMAY.US). According to information, the total amount involved in this acquisition reached SEK 161.2 billion, equivalent to about 16 billion US dollars. Meanwhile, Swedish Match's board of directors recommended that Swedish Match's shareholders accept the takeover offer. The acceptance period for this takeover offer is expected to begin around June 23 and end around September 30.
Major mergers and acquisitions in the tobacco industry! Philip Morris (PM.US) may invest $15 billion to buy Swedish Match (SWMAY.US)
The Zhitong Finance App learned that in response to recent speculations, US tobacco company Philip Morris (PM.US) and Swedish tobacco company SWMAY.US (SWMAY.US) confirmed in separate statements that they are in negotiations to acquire the latter. The two companies said that it is currently uncertain whether they will issue a takeover offer or the terms of any potential takeover offers. Earlier, the Wall Street Journal reported that Philip Morris is in in-depth negotiations to buy Swedish Match, and the deal value may be around 15 billion US dollars. The Wall Street Journal quoted people familiar with the matter as reporting that negotiations between the two companies could be as early as this week
Philip Morris in takeover talks with Swedish smokeless tobacco giant
Philip Morris International Inc. (NYSE:PM) is poised to purchase sub-labial tobacco stalwart Swedish Match AB (OTCPK:SWMAY), per a statement from the latter company. The Stockholm-based tobacco compan
Deutsche Bank AG UK Regulatory Announcement: FRN Variable Rate Fix
LONDON--(BUSINESS WIRE)-- SWEDISH MATCH AB Issue of SEK 200,000,000 Floating Rate Notes due February 2023 Series 44 Tranche 1 MTN ISSUE NAME. Our Ref. ML1676 ISIN Code. XS1782938424 TOTAL INT
Swedish Match gains on speculation about potential takeover
Swedish Match (OTCPK:SWMAY) ticked higher on speculation that the company may be a takeover target. Swedish Match, know for its Snus product, is speculated to be the target of a potential acquisition
Swedish Match reports Q3 results
Swedish Match (OTCPK:SWMAY): Q3 GAAP EPS of SEK 0.99.Revenue of SEK 4.78B (+8.6% Y/Y)Press Release
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