August 27, 2019 / 1:36 PM / 22 days ago

Philip Morris in talks to merge with Altria

Aug 27 (Reuters) - Philip Morris International Inc said on Tuesday it was in talks with tobacco company Altria Group Inc to combine in an all-stock merger.

In 2008, Altria spun off its Philip Morris International unit in a move aimed at unlocking the value of the fast growing unit. (Reporting by Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty)

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