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Top related persons:
Philip Morris - 1 it's - 1 Concordia - 1 Philip Morris's - 1
Top related locs:
New York
Top related orgs:
Philip Morris International - 1 Marlboro - 1 Deutsche Bank - 1 WSJ - 1 Fertin Pharma - 1 PMI - 1 Concordia - 1 UN - 1

Search resuls for: "Philip Morris's"


2 mentions found


☆ Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
  + stars: | 2023-09-20 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +2 min
Philip Morris International is considering selling off a stake in its largest pharmaceuticals unit. But more recently the division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options to try to grow its wellness and healthcare division, the WSJ first reported. In recent years, Philip Morris has also acquired Fertin Pharma, a nicotine gum maker, and OtiTopic, a respiratory drug maker. And, in the second quarter of this year, the company took a $680 million impairment charge related to its wellness and healthcare division. The news comes as the tobacco company continues to face resistance from public health groups.
Persons: Philip Morris, it's, Concordia, Philip Morris's Organizations: Philip Morris International, Marlboro, Deutsche Bank, WSJ, Fertin Pharma, PMI, Concordia, UN, Assembly Locations: New York
☆ Elliott backs Philip Morris's $16 billion Swedish Match takeover -FT
  + stars: | 2022-11-06 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
(Reuters) -Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International’s (PMI) $16 billion offer for Swedish Match AB, the Financial Times reported on Sunday. FILE PHOTO: Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. U.S. investor Elliott, PMI and Swedish Match declined to comment. Elliott has been building its stake in Swedish Match for months, reaching more than 10% in October. Swedish Match controls about half the world’s market for snus - a moist, smoke-free snuff - but one of its fastest-growing products is its tobacco-free “ZYN” nicotine pouches.
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