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Philip Morris in talks to buy rival Swedish Match

Philip Morris International is in talks to buy rival Swedish Match, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of traditional cigarettes.

Business • 10 May 22

The moves came after Coca-Cola and McDonald's halted sales in Russia.

Nestle, tobacco groups latest to pull back from Russia

Nestle, Philip Morris and Imperial Brands joined the list of multinationals stepping back from Russia today as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine.

Business • 09 Mar 22

Philip Morris wanted to buy London-listed asthma drug maker Vectura as part of its plan to switch to healthcare and wellness products

Philip Morris seals deal to buy UK's Vectura

Cigarette maker Philip Morris said it had received about 75% of Vectura shares from shareholders as part of a public tender offer process to acquire the British company, following a bidding war with Carlyle.

Business • 16 Sep 21

Holland's Authority for Consumers and Markets said the four firms had illegally exchanged information about future pricing plans during 2008-2011

Dutch competition watchdog fines 4 tobacco firms €82m

The Dutch competition watchdog said today it had fined four major tobacco makers including Philip Morris and British American Tobacco a total of €82m for "distorting competition."

Business • 29 Sep 20

Philip Morris International has abandoned merger talks with Altria Group

Philip Morris, Altria call off merger talks

Tobacco giants Philip Morris International and Altria Group have scrapped merger talks as Altria-backed e-cigarette maker Juul Labs sank deeper into crisis and said it would suspend advertising in the US.

Business • 25 Sep 19