The maker of Marlboro cigarettes is betting big on nicotine pouches placed under your upper lip [MSNBC.com]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: MSNBC.com
Swedish Match generates most of its profit from Swedish-style smoke-free tobacco snuffs, also known as 'snus.'Olivier Morin | Afp | Getty ImagesMarlboro-makerPhilip Morris InternationalShares of Stockholm-based manufacturer hit a record high in early trade after its board agreed to the 161.2 billion krona cash offer from the U.S.-Swiss tobacco giant.Swedish Match is now trading at a 32% premium since talks between the two companies were first announced Friday. Following a bumpy ride since Friday, Philip Morris International stock is trading marginally higher.The deal, which is now subject to shareholder approval, marks the latest phase in Philip Morris International's ongoing efforts to reduce its reliance on traditional cigarettes amid growing public scrutiny.107-year-old Swedish Match is primarily known for producing traditional Swedish-style snuffs, branded "General Snus," a type of smoke-free tobacco pouch which is placed between the upper lip and gum as an alternative to smoking.
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News
- 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
- Why Philip Morris International Stock Was Climbing Today [Yahoo! Finance]Yahoo! Finance
- Philip Morris (PM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 4/23/24 - Form 8-K
- 4/2/24 - Form 4
- 3/28/24 - Form ARS
- PM's page on the SEC website