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E-Cigarette Maker Juul Eyes Strategic Alternatives With Philip Morris, Japan Tobacco, Altria

Benzinga

Lately, e-cigarette maker Juul Labs Inc had separate discussions with Philip Morris International Inc (NYSE: PM ), Japan Tobacco (OTC: JAPAF ) (OYTC: JAPAY), and Altria Group, Inc (NYSE: MO ) over a potential sale, investment or partnership. Juul, which represents 27% of e-cigarettes sold in U.S.

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FTC Drops Case Over Altria's Unwound Juul Investment

Law 360 M&A

The Federal Trade Commission has dropped its case targeting tobacco giant Altria Group Inc.'s s 35% investment in e-cigarette company Juul Labs Inc., saying it's no longer in the public interest to pursue the case now that Altria has completely undone the investment.

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FTC Mulling Juul-Altria Settlement Offer Staffers Oppose

Law 360 M&A

The Federal Trade Commission could be on the cusp of accepting an eleventh-hour offer to settle the second-round fight over tobacco giant Altria Group Inc.'s s now completely undone 35% investment in e-cigarette company Juul Labs Inc., according to a newly disclosed agency order.

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Altria To FTC: There's No More Juul Investment To Challenge

Law 360 M&A

Tobacco giant Altria Group Inc. told the Federal Trade Commission it has now completely undone its 35% investment in e-cigarette company Juul Labs Inc., leaving nothing for the agency to challenge in its pending merger case.

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FTC Calls Juul-Altria Settlement Offer 'Woefully Short'

Law 360 M&A

Federal Trade Commission staffers aren't impressed with an eleventh hour settlement offer floated to stave off an "imminent" decision about a second-round fight over tobacco giant Altria Group Inc.'s s now completely undone 35% investment in e-cigarette company Juul Labs Inc.,

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Tobacco Leader’s ESG Transformation

Valutico

Philip Morris International Inc. Established in 1847, the company’s influence spans 180 countries worldwide, constantly innovating and expanding to meet the diverse preferences of adult consumers. Looking ahead to 2023, the company maintains a positive outlook, anticipating 7% to 8.5% revenue increase and 3.2%

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FTX's Native Token Might Be Relaunched, Putin Personally Approved Arrest Of American Journalist Evan Gershkovich, Fox News-Dominion Voting Systems Trial To Start Monday: Today's Top Stories

Benzinga

Youth Vaping Epidemic: Juul Agrees To Pay $462M In Largest Multistate Settlement For Addiction Embattled electronic cigarette maker Juul Labs Inc will pay $462 million to six states and the District of Columbia for its role in the youth vaping surge, said New York Attorney General Letitia James.