Latest Altria Group Stories
It is the end of an era in Cabarrus County, N.C., where Altria is closing a cigarette factory that once employed 2,500 workers. Declining cigarette sales has prompted Altria, parent company to Philip Morris, to close the sprawling, 2,023 acre production site, the company said. The Concord plant will close down Wednesday at 9:30 p.m., the Charlotte Observer reported. Once Cabarrus County's largest taxpayer, the closure will displace the remaining 1,000 workers, at the plant, some of whom will...
AUSTIN, Texas, May 27 /PRNewswire/ -- The Texas Senate voted 29-2 to pass a $100 million tax increase on smokeless tobacco and other tobacco products.
First Shareholder Meeting Since Split Draws Global Protest NEW YORK, May 5 /PRNewswire-USNewswire/ -- With global tobacco deaths climbing above 5.4 million a year, Philip Morris International (PMI) is heralding a 12.7 percent net revenue growth in 2008.
BOSTON, April 2 /PRNewswire-USNewswire/ -- The following is a statement by Kathy Mulvey, Corporate Accountability International, in response to the passage of HR 1256: Corporate Accountability International welcomes the approval by the House of Representatives of legislation that would, for the first time, grant the Food and Drug Administration the authority to regulate tobacco products. Representatives Henry Waxman (CA) and Todd Platts (PA) are the lead sponsors of the Family Smoking...
NEW YORK, April 1 /PRNewswire/ -- Philip Morris USA, a unit of Altria Group, Inc., announced in early March that it would raise tobacco prices yet again.
STAMFORD, Conn., Dec. 4 /PRNewswire-FirstCall/ -- UST Inc. (NYSE: UST) announced that earlier today, during a special shareholder meeting held in New York, a majority of its shares were voted to approve the company's acquisition by Altria Group, Inc.
By Anonymous The Deal: Altria Group announced that it has reached an agreement to acquire UST Inc. for $69 per share, or about $10.2 billion. The deal price represents a premium of nearly 28 percent over UST's share price prior to the deal announcement.
By David Jones and Veronica Ek Swedish Match, the last independent smokeless tobacco group, may attract a bid from a cigarette maker after Altria's bid for UST is set to make the U.S. market more competitive.
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