Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/why-philip-morris-swedish-match-bad-for-altria-51652203822


  • Order Reprints

  • Print Article

Philip Morris‘ potential acquisition of Swedish Match could mean bad news for Altria Group and its ability to keep its spot among the largest U.S.-based tobacco companies, according to Bernstein.

Shares of Altria (ticker: MO) fell 8.6% on Tuesday, putting them on pace for their largest percent decrease since March 23, 2020, when they fell 8.46%. Altria stock has gained 7% so far this year, while the S&P 500 has fallen 15%.

The…


Related post