Mergers & Acquisitions - Americas Headlines

Philip Morris says to delist Swedish Match after raising stake to 93%

Marlboro maker Philip Morris International (PMI) said on Monday it had raised its stake in Swedish Match to 93.1% and would initiate a compulsory redemption of the remaining shares in its Swedish peer and de-list it. (Reporting by Marie Mannes and Anna Ringstrom, editing by Essi Lehto)

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