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4.86665368891907E-05 -0.00204399454934795 -0.00311465836091111 -0.00136266303289858 -0.00467198754136659 -0.0014599961066771 -0.000194666147557039 0.00953864123028995
Stock impact report

The maker of Marlboro cigarettes is betting big on nicotine pouches placed under your upper lip [CNBC]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: CNBC
It is the latest move Philip Morris International to diversify beyond traditional, tobacco-based revenue streams. Marlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives. Shares 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. A market-leader in smoke-free ‘snus' 107-year-old Swedish Match is primarily known for producing traditio Show less Read more
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