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Altria Takes $4.5B Writedown On Juul Investment
Thursday, October 31, 2019 - 11:06am | 390Cigarette and tobacco company Altria Group Inc (NYSE: MO) said in conjunction with its third-quarter report that it took a $4.5-billion pretax charge against its earnings from its investment in e-cigarette maker Juul. What Happened Altria said in its earnings release that a decision to...
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Altria, Philip Morris End Merger Talks
Wednesday, September 25, 2019 - 7:50am | 409Altria Group, Inc. (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) have ended merger discussions with Altria providing a statement on Juul leadership change and tightening 2019 full-year earnings guidance. "While we believed the creation of a new merged company had the potential to...
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Marlboro Maker Altria Takes 45% Stake In Cronos Group
Friday, December 7, 2018 - 9:11am | 485Shares of Cronos Group Inc (NASDAQ: CRON) soared 25 percent Friday morning after the Canada-based cannabis company confirmed it received a C$2.4 billion ($1.8 billion) investment from cigarette company Altria Group Inc (NYSE: MO). Rumors of a potential acquisition between the two companies were...