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    Philip Morris International Inc

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Sunday, 6 November, 2022
      Philip Morris wins Elliott’s backing for $15.7bn Swedish Match takeover

      Activist hedge fund stands to make about $150mn in profit from deal

    • Friday, 28 October, 2022
      Elliott Management raises stake in takeover target Swedish Match

      Hedge fund now has power to decide outcome of Philip Morris International’s $16bn offer for smokeless tobacco specialist

    • Thursday, 20 October, 2022
      Philip Morris raises Swedish Match offer to $15.7bn

      Cigarette maker bows to pressure from activist funds that have built stakes in smokeless tobacco specialist

    • Monday, 17 October, 2022
      LexSwedish Match AB
      Elliott/Swedish Match: Philip Morris bid is not yet up to snuff Premium content

      Segment carries lower regulatory risk than traditional cigarettes

    • Friday, 13 May, 2022
      The Top LineTom Braithwaite
      Philip Morris has resolved big tobacco’s burning issue

      Even if its $16bn investment in Swedish Match disappoints, annual cigarette sales of 600bn provide decent insurance

    • Wednesday, 11 May, 2022
      Philip Morris International strikes $16bn deal for Swedish Match

      Acquisition takes company further into market for tobacco-free alternatives to cigarettes

    • Tuesday, 10 May, 2022
      Lex
      Philip Morris/Swedish Match: nicotine alternatives in vogue for a smokeless future Premium content

      European group’s success with chewing tobacco and pouches make for a tidy addition

    • Monday, 9 May, 2022
      Tobacco
      Philip Morris International nears $16bn deal for Swedish Match

      Marlboro seller close to acquisition of maker of snus tobacco pouches in further shift away from cigarettes

    • Saturday, 12 February, 2022
      News in-depthTobacco
      Big Tobacco struggles to convince investors it can quit cigarettes

      Companies turn to share buybacks as investors ditch stocks over ESG concerns

    • Tuesday, 9 November, 2021
      Interview
      Philip Morris rules out future merger with Altria

      Chief executive Jacek Olczak tells FT that chapter involving fellow tobacco group is ‘closed’

    • Wednesday, 13 October, 2021
      Covid-19 vaccines
      Philip Morris-backed group to launch plant-based Covid vaccine

      Japanese pharma company says Medicago’s product will be cheaper to make and easier to transport

    • Thursday, 16 September, 2021
      Tobacco group Philip Morris wins control of inhaler company Vectura

      Cigarette maker secures majority of shares in UK-based medical device manufacturer

    • Friday, 20 August, 2021
      Mergers & Acquisitions
      Vectura investors under the microscope as Philip Morris hunts victory

      Shareholders in UK inhaler maker will have final say in a takeover battle that has divided opinion

    • Wednesday, 18 August, 2021
      Brooke Masters
      Moral outrage over Philip Morris’s bid for Vectura is misplaced

      We must allow companies to reinvent themselves and address the problems they helped create

    • Friday, 13 August, 2021
      FT News Briefing podcast9 min listen
      Airbnb up on travel recovery; financial technology grows in Africa

      Short-term rental provider reports strong revenue growth, but warns on spread of Covid variants

    • Thursday, 12 August, 2021
      Mergers & Acquisitions
      Tobacco group PMI wins support of Vectura’s board for £1bn takeover

      Inhaler maker draws criticism from health charity for ‘absurd’ deal

    • Monday, 9 August, 2021
      Helen Thomas
      Vectura auction doesn’t let its board off stakeholder hook

      UK inhaler group has bungled handling competing interests from cigarette-maker Philip Morris and Carlyle

    • Monday, 9 August, 2021
      Vectura Group PLC
      Philip Morris and Carlyle face auction in battle for inhaler group

      UK regulator to oversee five days of bidding for Vectura by cigarette producer and private equity firm

    • Sunday, 8 August, 2021
      Private equity
      Philip Morris raises offer in bidding war for UK inhaler group Vectura

      Tobacco group lifts bid above £1bn in battle with Carlyle as private equity targets British businesses

    • Sunday, 25 July, 2021
      Philip Morris to stop selling Marlboro cigarettes in UK within 10 years

      Brand ‘will disappear’ from UK shelves under diversification strategy, says chief executive

    • Tuesday, 20 July, 2021
      Helen Thomas
      When corporate purpose goes up in smoke

      Philip Morris International’s deal to buy inhaler company Vectura creates confusion on both sides

    • Friday, 16 July, 2021
      News in-depthTobacco
      Big Tobacco struggles to convince critics it can kick the cigarettes

      Many groups are diversifying but the traditional smoking business is still the big money spinner

    • Friday, 9 July, 2021
      LexMergers & Acquisitions
      Philip Morris/Vectura: inhale seizer seeks future beyond smoke Premium content

      A danger for the tobacco group is expanding wholesale into industries where similarities with its core business are only superficial

    • Friday, 9 July, 2021
      Mergers & Acquisitions
      Marlboro maker Philip Morris strikes deal for UK inhaler group Vectura

      Tobacco giant gatecrashes agreement with Carlyle in quest to become ‘healthcare and wellness’ group

    • Saturday, 16 January, 2021
      Tobacco
      Anti-smoking group accused of serving interests of tobacco industry

      Former employee suing US foundation argues support for vaping is a boost for cigarette makers

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