Philip Morris International bids $16 billion for Swedish Match

Swedish Match generates most of its profit from Swedish-style smoke-free tobacco snuffs, also known as ‘snus.’ Olivier Morin | Afp | Getty Images 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 … Read more

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