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Author Topic: Phillip Morris to aquire Greed Smoke in $110m deal  (Read 1499 times)

itsmeitis

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Phillip Morris to aquire Greed Smoke in $110m deal
« on: February 04, 2014, 11:30:14 AM »

reported by various news outlets:

Altria Group inc's subsidiary Nu Mark LLC inked a deal to acquire the e-vapor business of Green Smoke Inc. and its affiliates for approximately $110 million in cash

Altria directly or indirectly owns 100 percent each of Philip Morris USA Inc., U.S. Smokeless Tobacco Co. LLC, John Middleton Co., Nu Mark, Ste. Michelle Wine Estates Ltd. and Philip Morris Capital Corp. Altria also holds a continuing economic and voting interest in SABMiller plc. The brand portfolios of Altria's tobacco operating companies include Marlboro, Black & Mild, Copenhagen, Skoal and MarkTen.





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