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Elliott Management Backs Philip Morris's $16B Swedish Match Buyout

Benzinga

Philip Morris International Inc (NYSE: PM ) is going ahead with its $16 billion takeover of Swedish Match AB (OTC: SWMAY ) (OTC: SWMAF ) despite failing to achieve the 90% acceptance rate. The company's largest shareholder, Elliott Management , has decided to Full story available on Benzinga.com.

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EU OKs Philip Morris' $16B Swedish Match Deal With Unit Sale

Law 360 M&A

billion bid to purchase tobacco and nicotine products maker Swedish Match AB after the companies agreed to unload a Swedish distribution unit. European enforcers said Tuesday they approved Philip Morris International's planned $15.8

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