Swedish Match agrees to $16 billion takeover by Philip Morris

Swedish Match AB said on Wednesday its board had accepted a cash offer of 161.2 billion Swedish kronor, or $16 billion, from Philip Morris International Inc.

Under the proposal, subject to shareholder approval, investors in the Stockholm-based company will receive 106 Swedish crowns in cash for each share held. The price represents a 39% premium to the company’s stock price of SEK 76.50 on Friday, the day before The Wall Street Journal reported the companies were in talks.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.


Evil pop culture advocate. Alcoholaholic. Unapologetic web ninja. Coffee maven
Back to top button