Altria Group Inc.

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Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Press Release - Altria Reaches Agreement To Sell Its Ste. Michelle Wine Estates Business

Published: 07/09/2021 12:45 GMT
Altria Group Inc. (MO) - Press Release - Altria Reaches Agreement to Sell Its Ste.
Michelle Wine Estates Business.
Altria Group Inc - All-cash Transaction With a Purchase Price of Approximately $1.2 Billion.
Altria Group Inc - Altria Expects to Use Net Cash Proceeds for Additional Share Repurchases Subject to Board Approval.
Altria Group Inc - Entered Into Agreement to Sell Its Ste.
Michelle Wine Estates Business to Sycamore Partners Management, Lpaltria Group Inc - Does Not Expect to Account for Results of Ste.
Michelle As Discontinued Operations.
Altria- Expects to Record Any Gain Or Loss on Transaction & Related Disposition Items, Which It Does Not Anticipate Being Material to Co, in H2 of 2021.