Philip Morris International Inc. and Altria Group, Inc. End Merger Discussions
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Regulatory News:Philip Morris International Inc. (PMI) (NYSE: PM) today announced that merger discussions with Altria Group, Inc. (Altria) (NYSE: MO) have ended.André Calantzopoulos, CEO of PMI, said: “After much deliberation, the companies have agreed to focus on launching IQOS in the U.S. as part of their mutual interest to achieve a smoke-free future.”IQOS is the only heated tobacco product with premarket authorization (including two menthol variants) from the U.S. FDA, which followed the Agency’s rigorous science-based review, leading it to determine that authorizing the product for sale in the U.S. is appropriate for the protection of the public health. IQOS is not an e-vapor product. PMI submitted a comprehensive body of scientific evidence in support of this premarket authorization and of the parallel applications for IQOS as a “Modified Risk Tobacco Product,” which the FDA continues to review.Global data, based on four years of use, show that IQO
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News
- Philip Morris (PM) International Revenue in Focus: Trends and Expectations [Yahoo! Finance]Yahoo! Finance
- Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Company News for Apr 24, 2024 [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE:PM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE: PM) had its price target raised by analysts at Stifel Nicolaus from $108.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 144
- PM's page on the SEC website