Best offer of Philip Morris to buy Swedish Match
Philip Morris International Inc. made the "best and final" offer for Swedish Match, chewing tobacco maker.
The Swiss-based company raised its bid from 106 Swedish crowns ($9.46) to 116 Swedish crowns a share. The company hopes that the new offer will help acquire the smokeless tobacco producer. With Swedish Match, the company will have access to a vast distribution network in the United States, the largest market for smoking alternatives.
The value of the final bid is about $15.8 billion.
According to Jacek Olczak, CEO Philip Morris International, the new offer is very attractive for both Swedish Match and Philip Morris shareholders.
Recommended
Energy and Precious Metals Market events for February 2-3, 2023
2 February 2023
Last year recorded an increased demand for gold up to the levels of 2011
1 February 2023
Exxon Mobile is criticized for $56 billion profit
1 February 2023
White House Supports Alaska Oil Project
1 February 2023
Aluminum buyers from Japan agreed to pay extra charges in the first quarter
1 February 2023
Top news
Nothing found