SWMAY / Philip Morris Declares Victory in Bid for Swedish Match

The Swedish Match may prove to be the tailwind for PM's growth, as more consumers demand alternative nicotine options moving forward. The same has bee more_horizontal

Philip Morris in October raised its offer for Swedish Match to 116 kronor a share from 106 kronor, valuing the target at nearly $15.7 billion. more_horizontal

Marlboro maker Philip Morris International (PMI) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match despite winning acce more_horizontal

Philip Morris is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar more_horizontal

Swedish Match, which is being bought by Philip Morris International Inc in a $16 billion deal, on Friday reported second-quarter operating profit just more_horizontal

We are downgrading our rating on Swedish Match as its shares now trade at just 5% below the SEK 106 offer from Philip Morris. We believe the offer und more_horizontal

Philip Morris' $16 billion offer for Stockholm-based Swedish Match represents a "healthy premium" and the Marlboro maker could yet go higher, Swedish more_horizontal

Company offers to buy Swedish Match for $16 billion. Deal would acceleration transition to smokeless future. more_horizontal