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MO / Altria reportedly in talks to buy vaping startup NJOY for at least $2.75B

Altria reportedly in talks to buy vaping startup NJOY for at least $2.75B
Altria Group Inc, one of the world's largest producers and marketers of tobacco, cigarettes, and related products, is reportedly in advanced talks to buy e-cigarette startup NJOY Holdings Inc for at least $2.75 billion. According to a report by The Wall Street Journal citing people familiar with the matter, the deal for NJOY, one of the few e-cigarette makers to have secured clearance from federal regulators, could be announced as soon as this week. Read More
Posted: Feb 27 2023, 16:36
Author Name: Proactive Investors
Views: 110777

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Altria Stock: Buy, Sell, or Hold?

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Altria Stock: Buy, Sell, or Hold?

Altria makes tobacco products including cigarettes, pouches, cigars, and vapes. Cigarettes are the company's biggest product. more_horizontal

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Altria Group, Inc. stock has declined significantly in the past month, six months, YTD, and five years due to the decline of traditional cigarettes in more_horizontal

3 High-Yield Stocks for Long-Term Income

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Altria's (MO) Q3 Earnings Miss Estimates on Soft Volumes

By Zacks Investment Research
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Altria's (MO) Q3 Earnings Miss Estimates on Soft Volumes

Altria's (MO) third-quarter 2023 results reflect lower shipment volumes as a result of macroeconomic pressure on ATC behavior. However, pricing remain more_horizontal


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