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☆ Altria partners with Japan Tobacco to bolster smoke-free category
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] A woman poses with a cigarette in front of Altria logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/IllustrationOct 27 (Reuters) - Marlboro maker Altria Group Inc (MO.N) on Thursday announced a strategic partnership with Japan Tobacco (2914.T) in an attempt to boost its smoke-free category. Altria and JT will jointly establish Horizon Innovations LLC, which would be responsible for U.S. marketing and commercialization of heated tobacco stick (HTS) products owned and developed by either company. Altria said the joint venture would be through its subsidiary Philip Morris USA that will hold a 75% economic interest in Horizon and Japan Tobacco International, a subsidiary of JT, holding the rest. Philip Morris agreed to pay $2.7 billion for the exclusive right to sell IQOS heated tobacco products in the United States.

☆ Altria quarterly earnings miss estimates as cigarette maker's revenue falls
▼ + stars: | 2022-10-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Revenue: $5.41 billion vs. $5.59 billion expected. "We are excited to begin a new partnership with JT Group, a leading international tobacco company," said Billy Gifford, Altria's chief executive officer. For its third quarter, Altria reported revenue net of excise taxes of $5.41 billion, a decline of 2% from a year ago.

☆ Philip Morris Has a Plan B for America, but It Isn’t Ideal
▼ + stars: | 2022-10-20 | by ( Carol Ryan | ) www.wsj.com time to read: +1 min

Buying back the distribution rights will give PMI full control over the rollout of its IQOS heated tobacco sticks in the lucrative U.S. market. Cigarette giant Philip Morris International has a backup if plans to buy Swedish Match don’t work out. A 9.4% bump to what it offered in May brings the takeover premium to 52.5%. The higher price won’t cost the cigarette company more in dollar terms as the krona has fallen in value against the greenback since the first approach was made. PMI said it won’t raise the offer again and Swedish Match shares now trade at 112.5 Swedish kronor, slightly below the improved bid.

☆ Altria sells U.S. IQOS rights to Philip Morris for $2.7 bln
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Philip Morris is looking to overturn the ban. Philip Morris, which reports quarterly results later on Thursday, aims to resume supply of IQOS products in the United States by the first half of 2023. Altria still holds the rights to sell IQOS in the United States until May 2024, after which it transitions to Philip Morris. "We are ready to invest behind IQOS to bring it to market at scale across the U.S.," Philip Morris Chief Executive Officer Jacek Olczak said. Altria said it has already received $1 billion from Philip Morris and will receive the remainder by July 2023.

Philip Morris (PM.N) increased its bid by more than 9% to 116 Swedish crowns per share and said that the offer was its "best and final price". Philip Morris made an all-cash offer of 106 crowns per share for Stockholm-based Swedish Match in May. By Swedish law, 90% of Swedish Match shareholders need to approve the offer before Nov.4. Pontus Dackmo, CEO of Protean Funds who has 500,000 shares in Swedish Match, said he was still not impressed by the sweetened offer from Philip Morris. The company had earlier said it was expecting EU antitrust approval for its Swedish Match bid in late October.

☆ Philip Morris sweetens buyout bid for Swedish Match to $15.8 bln
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Philip Morris raised its bid by more than 9% to 116 Swedish crowns per share, although it said that the offer was its "best and final price". Swedish Match did not immediately respond to Reuters's request for comment on the revised offer. Philip Morris has announced that they are not waiving the 90 percent acceptance condition. The deal will fail and Swedish Match will remain an independent company," Hempton said. The company had earlier said that it was expecting EU antitrust approval for its Swedish Match bid in late October.

☆ Philip Morris Raises Offer for Swedish Match and Buys U.S. Rights for IQOS
▼ + stars: | 2022-10-20 | by ( Jennifer Maloney | Ben Dummett | ) www.wsj.com time to read: 1 min

Philip Morris International raised its offer for Swedish Match AB by 9.4% and has agreed to pay $2.7 billion to regain the U.S. rights for its IQOS heated tobacco products from Altria Group Inc.Philip Morris said it is now offering 116 Swedish kronor, equivalent to $10.34, for each Swedish Match share, up from the original offer in May of 106 Swedish kronor. The total value of that deal, though in dollar terms, is roughly unchanged from the original offer because the appreciation in the U.S. currency against the Swedish krona, made it easier for the company to raise its offer.

☆ Philip Morris to Raise Offer for Swedish Match and Buy U.S. Rights for IQOS
▼ + stars: | 2022-10-20 | by ( Jennifer Maloney | Ben Dummett | ) www.wsj.com time to read: 1 min

Marlboro maker Philip Morris has been under pressure from Elliott Management and other investors to sweeten its bid for Swedish Match. Philip Morris International plans to raise its offer for Swedish Match AB and has agreed to pay $2.7 billion to regain the U.S. rights for its IQOS heated tobacco products from Altria Group Inc., according to people familiar with the matter. Philip Morris’s original offer for Swedish Match in May was 161.2 billion Swedish Krona, which was then equivalent to $16 billion. The new offer is expected to be announced as soon as Thursday, the people said.

☆ Altria gets $2.7 bln from Philip Morris for IQOS U.S. sales rights
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Altria in a statement said it has already received $1.0 billion from PMI and will receive the remainder by July 2023. Philip Morris, which was spun off from Altria in 2008, did not respond to a request for comment outside of business hours. The company will report its quarterly earnings results on Thursday, whereas Altria will report its earnings on Oct. 27. Separately, Philip Morris plans to raise its $16 billion offer for Swedish Match AB (SWMA.ST), the Wall Street Journal reported on Wednesday citing people familiar with the matter. Activist investor Elliott Management, which raised its stake in Swedish Match last month, plans to oppose the bid under its current terms along with some other investors.

☆ Philip Morris’ Swedish bet may take multiple tokes
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 20 (Reuters Breakingviews) - Philip Morris International (PM.N) may need to show more flexibility. PMI Chief Executive Jacek Olczak has strengthened his hand by sealing a $2.7 billion deal with Altria to buy the rights to sell IQOS heated tobacco products in the United States, giving him an alternative way to grow in smokeless tobacco products. Still, it may be hard to get the Swedish Match deal over the line, given PMI’s ambitious 90% acceptance rate. That’s probably why the shares are currently trading close to the offer price at 112 crowns. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Altria reaches $2.7 bln deal with Philip Morris to sell U.S. IQOS rights
▼ + stars: | 2022-10-19 | by ( Makiko Yamazaki | ) www.reuters.com time to read: 1 min

Oct 19 (Reuters) - Altria Group Inc said on Wednesday its unit has reached a $2.7 billion deal with Marlboro maker Philip Morris International Inc's (PM.N) unit to sell the U.S. commercialization rights for its IQOS heated tobacco products. Altria has received a $1 billion payment from Philip Morris and will receive an additional payment of $1.7 billion by July 2023 for a total payment of about $2.7 billion pre-tax, according to the statement. Separately, the Wall Street Journal reported on Wednesday that Philip Morris is planning to raise its offer for Swedish Match AB (SWMA.ST), citing people familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; editing by Diane Craft and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman says one major issue will plague earnings season. But these stocks won't be affected
▼ + stars: | 2022-10-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

As Wall Street kicks off third-quarter earnings this week, Goldman Sachs expects investors will likely hear one major issue come up again and again during management calls: the stronger dollar. "The most common phrase during upcoming 3Q earnings calls will be 'but on a constant currency basis ...'" Kostin wrote. Goldman Sachs forecasts EPS, excluding energy, to decline by 3% and margins to narrow by 132 basis points (1.32 percentage points). Here are 11 stock picks that won't be hurt by the stronger dollar. By contrast, Goldman Sachs said names that will be hurt by a stronger dollar include Las Vegas Sands , Philip Morris International and Aflac .

☆ Loans Are Cheaper Than Bonds for Some Highly Rated Companies
▼ + stars: | 2022-09-21 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. Highly rated companies raised $998.8 billion in bonds in the U.S. this year through Monday, compared with $177.9 billion in term loans, according to Refinitiv, a data provider. For all of last year, fundraising through bonds amounted to $1.46 trillion versus $236.7 billion for term loans for investment-grade-rated companies. Term loans often have a shorter duration than bonds, with many of them ranging from three to five years. Term loans tend to be secured,” Mr. Holtz said, pointing to the mixture of bonds and term loans that make up the company’s capital structure.

Chicago-based Framtiden Partnerships, a Swedish Match shareholder for nearly two decades, told Reuters on Wednesday that it opposes Philip Morris' (PMI) proposed takeover of the Stockholm-based company. According to Euromonitor International, Swedish Match controls about half the world's market for snus - a Swedish-style snuff that is moist and smoke-free. Swedish Match has a fragmented ownership base, he said, making it difficult to get a clear overview of how many will accept the deal. 'THREE SHAREHOLDER CAMPS'John Hempton, co-founder of Sydney-based Bronte Capital, is another Swedish Match shareholder who hopes the deal will fall through. The largest shareholders of Swedish Match, which include Wellington Management, Capital Group, BlackRock and Vanguard, all declined to comment on the deal.

Dezvoltarea inovațiilor pentru o viață mai bunăLa finalul anului 2020, peste 12 milioane de fumători din 64 de țări au renunțat la țigări și au ales dispozitivele de încălzire a tutunului dezvoltate de Philip Morris International. Tot în 2020, dispozitivul de încălzire a tutunului, IQOS, a obținut statutul de produs de tutun cu risc redus. Autorizația a fost emisă de Administrația pentru Medicamente și Alimente din Statele Unite ale Americii, una din cele mai importante autorități din domeniul sănătății din lume. „Chiar dacă ne-am ciocnit cu numeroase provocări, au fost și câteva aspecte pozitive ca rezultat al adaptării la COVID-19. Iată de ce,compania a lansat serviciul CIRCLE, care continuă să câștige popularitate în rândul utilizatorilor de dispozitive electronice de încălzire a tutunului.

Persons: Philip Morris International, Philip Morris, Philip Morris ., CIRCE Locations: Statele Unite ale Americii, Noua Zeelandă, CIRCLE

Actul prevede principiile și direcțiile generale de cooperare între părți, printre care: schimbul de date și informații, întărirea capacității operaționale ale subdiviziunilor antifraudă, îmbunătățirea pregătirii profesionale a funcționarilor vamali. Serviciul Vamal colaborează cu Philip Morris International începând cu anul 2015. Anume atunci a avut loc prima Conferință Antitabac și primul Campionat internațional canin, organizat de Serviciul Vamal la Ocnița. De atunci și până în prezent, marile companii producătoare de țigări, printre care și Philip Morris, au sprijinit instituția în organizarea acestor evenimente. În adresarea sa, Directorul Serviciului Vamal, Sergiu Burduja a menționat importanța dezvoltării în permanență a parteneriatelor durabile cu mediul privat: „Diminuarea contrabandei cu țigarete se datorează și cooperării strânse dintre instituțiile statului și producătorii de țigarete.

Persons: Philip Morris International, Philip Morris, Sergiu Burduja Organizations: Vamal Locations: Ocnița

☆ Познакомься со своим ментором! Узнай о менеджерах Philip Morris Moldova, наставниках стажировки INKOMPASS 2021
▼ + stars: | 2021-05-27 | by ( ) ru.diez.md time to read: +5 min

Компания Philip Morris Moldova начала регистрацию участников в программе стажировки INKOMPASS 2021, которая даст молодым людям возможность открыть для себя профессиональный мир и понять, как работает компания мирового уровня. Дружественная и инновационная средаИон Ботнару присоединился к команде Philip Morris Moldova год назад. Обучайся и применяй на практикеЕвгений Лукашов присоединился к команде Philip Morris Moldova восемь лет назад. «Будущие стажеры найдут в Philip Morris Moldova активную и профессиональную команду, а также множество интересных проектов в различных сферах. Philip Morris Moldova является представительством международной компании Philip Morris International, которая трансформирует табачную промышленность, чтобы создать будущее, свободное от табачного дыма.

Persons: Philip Morris, “ Philip Morris, Philip Morris Moldova, Philip Morris Moldova Philip Morris, Ион, Ион Ботнару, Регина Сырбу, Регина, Лукашов, Евгений, Евгений Лукашов Organizations: Philip Morris Moldova, LTV, Consumer, “ Philip Morris Moldova, Philip Morris Moldova Philip Morris International, Philip Morris International, Служба поддержки клиентов ( ) Locations: Philip Morris Moldova, INKOMPASS, –, Молдова

Un mediu prietenos și inovatorIon Botnaru s-a alăturat echipei Philip Morris Moldova acum un an. Înveți și aplici în practicăEvgheni Lucașov s-a alăturat echipei Philip Morris Moldova acum opt ani. „Viitorii stagiari vor găsi la Philip Morris Moldova o echipă activă și profesionistă, precum și o mulțime de proiecte interesante din diverse domenii. Philip Morris Moldova este afiliat al Philip Morris International, care transformă industria tutunului pentru a crea un viitor fără fum. Compania este liderul pieței de tutun din Moldova și unul dintre cei mai mari contribuabili la bugetul de stat.

Persons: Ion Botnaru, Philip Morris Moldova, Ion ., Ion, Sîrbu, Philip Morris, Evgheni Lucașov, Evgheni, Philip Morris International Organizations: Consumer, Commercial Locations: Moldova, Sales

☆ Ищешь оплачиваемую стажировку? Пять причин выбрать программу INKOMPASS 2021
▼ + stars: | 2021-05-25 | by ( ) ru.diez.md time to read: +3 min

Стажировка - это первый настоящий профессиональный опыт, и если он удачен, ты получаешь новые навыки и знания о мире бизнеса и открываешь новые возможности трудоустройства. Если ты студент последнего года обучения или закончил университет в течение последних 12 месяцев, ты можешь подать заявку на участие в программе INKOMPASS 2021 и получить возможность пройти оплачиваемую стажировку в Philip Morris Moldova. Помимо дружного коллектива, в компании Philip Morris в течение всего период стажировки тебя будет сопровождать наставник. Поэтому проходя стажировку в Philip Morris Moldova, ты будешь получать оплату за свою работу. В этом году уже второй раз подряд институт Top Employers признал компанию Philip Morris Moldova «Лучшим работодателем» в Молдове.

Persons: Philip Morris Moldova, Philip Morris, Top Employers Philip Morris, – Philip Morris, стажировкаС Organizations: Philip Morris International, Top Employers, Consumer, Наихороший работодатель Locations: Top Employers Philip Morris Moldova, Молдова

Acesta îți va prezenta proiectul la care o să lucrezi, te va îndruma și îți va oferi feedback constant, ajutându-te să dezvolți conexiuni și relații cu diferite persoane și departamente din companie. Astfel, efectuând un stagiu în cadrul Philip Morris Moldova vei fi plătit pentru munca depusă. În acest an, pentru a doua oară consecutiv, Institutul Top Employers a desemnat Philip Morris Moldova drept Angajator de Top. Certificarea internațională este o dovadă a excelenței în oferirea unui mediu de lucru favorabil și a oportunităților de dezvoltare pentru angajații săi. Dacă ești gata să aplici la programul INKOMPASS 2021, o poți face online până pe data de 1 iunie 2021.

Persons: Philip Morris, Philip Morris Moldova, Philip Morris International, Îți Organizations: Top, Commercial Locations: Sales

În 2020, stagiarii de la Philip Morris au trecut cu succes cele șase luni de internship Aceștia au întâlnit o echipă prietenoasă, proiecte interesante și abordări inovative. Despre Philip MorrisÎn acest an, pentru a doua oară consecutiv, Institutul Top Employers a desemnat Philip Morris Moldova drept Angajator de Top. Philip Morris Moldova este afiliat al Philip Morris International, o companie care transformă industria tutunului pentru a crea un viitor fără fum. Aceasta este liderul pieței de tutun din Moldova și unul dintre cei mai mari contribuabili la bugetul de stat. La nivel global, Philip Morris International reunește 73.500 de angajați.

Persons: Philip Morris, Philip Morris Moldova, Philip Morris International Organizations: Commercial, Top Locations: Sales, Moldova

☆ (видео) Начни свою карьеру с оплачиваемой стажировки в Philip Morris! Узнай, как прошла стажировка у участников программы в 2020 году
▼ + stars: | 2021-05-19 | by ( ) ru.diez.md time to read: +2 min

(видео) Начни свою карьеру с оплачиваемой стажировки в Philip Morris! Узнай, как прошла стажировка у участников программы в 2020 годуINKOMPASS - это глобальная программа стажировок Philip Morris International. В 2020 году участники программы Philip Morris успешно завершили шестимесячную стажировку, встретив дружный коллектив, интересные проекты и инновационные подходы. О компании Philip MorrisВ этом году уже второй раз подряд институт Top Employers признал компанию Philip Morris Moldova «Лучшим работодателем» в Молдове. Philip Morris Moldova является представительством международной компании Philip Morris International, которая трансформируют табачную промышленность, создавая будущее без табачного дыма.

Persons: Philip Morris, Philip Morris Moldova, Philip Morris Moldova Philip Morris, Начавший Organizations: Philip Morris International, Consumer, Care, Philip Morris Top, Philip Morris Moldova, Philip Morris Moldova Philip Morris International, Наихороший работодатель Locations: INKOMPASS, Philip Morris Moldova, Молдова

☆ Ты студент и ищешь оплачиваемую стажировку? Philip Morris запускает программу INKOMPASS 2021
▼ + stars: | 2021-05-13 | by ( ) ru.diez.md time to read: +2 min

Philip Morris Moldova объявляет запись на стажировку INKOMPASS 2021. Стажеры получают возможность работать над реальными бизнес-проектами, получая профессиональную индивидуальную поддержку от наставников в лице сотрудников компании Philip Morris. Немного о Philip MorrisВ этом году уже второй раз подряд институт Top Employers признал компанию Philip Morris Moldova «Лучшим работодателем» в Молдове. Philip Morris Moldova является представительством международной компании Philip Morris International, которая трансформируют табачную промышленность, создавая будущее без табачного дыма. Philip Morris International объединяет 73 500 сотрудников из 70 стран мира.

Persons: Philip Morris, Philip Morris Moldova Philip Morris Organizations: Philip Morris Moldova, Philip Morris Top, Philip Morris Moldova Philip Morris International, Philip Morris International, Наихороший работодатель Locations: Philip Morris Moldova, Молдова

Acesta îți permite să lucrezi la proiecte reale de afaceri și să primești feedback și coaching personalizat din partea mentorilor din cadrul companiei Philip Morris. Despre Philip MorrisÎn acest an, pentru a doua oară consecutiv, Institutul Top Employers a desemnat Philip Morris Moldova drept Angajator de Top. Philip Morris Moldova este afiliat al Philip Morris International, o companie care transformă industria tutunului pentru a crea un viitor fără fum. Compania este liderul pieței de tutun din Moldova și unul dintre cei mai mari contribuabili la bugetul de stat. Philip Morris International reunește 73.500 de angajați din 70 de țări.

Persons: Philip Morris ., Cum ?, Philip Morris, Philip Morris Moldova, Philip Morris International Organizations: Commercial, Top Locations: Sales, Moldova

☆ Ești student și cauți un stagiu plătit? Philip Morris lansează programul INKOMPASS 2021
▼ + stars: | 2021-05-13 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Persons: Philip Morris Moldova, Philip Morris ., Cum ?, Philip Morris, Philip Morris International Organizations: Commercial, Top Locations: facultate, Sales, Moldova

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