Philip Morris International Inc

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Mergers / Acquisitions

Philip Morris Unit Announces Offer To Shareholders Of Swedish Match

Published: 05/11/2022 05:58 GMT
Philip Morris International Inc (PM) - Philip Morris Holland Holdings Bv1("pmhh"), an Affiliate of Philip Morris International Inc. ("pmi"), Hereby Announces a Recommended Public Offer to Shareholders of Swedish Match Ab.
Shareholders of Swedish Match Are Offered Sek 106 in Cash per Share in Swedish Match.
Total Value of Offer Amounts to Approximately Sek 161.2 Billion.
Price Offered for Shares Represents a Premium of 39.4 Percent Compared to Closing Share Price of Sek 76.06 on May 9.
Acceptance Period in Offer is Expected to Commence on Or Around June 23, 2022 and Expire on Or Around September 30, 2022.
Board of Directors of Swedish Match Recommends That Swedish Match's Shareholders Accept Offer.
By 2025, Pmi Aims to Be a Predominantly Smoke-free Company.
Pmi Values How Swedish Match Has Relentlessly Pursued Tobacco Harm Reduction Through Its Range of Smoke-free Products; Received Authorizations for Its Products Via Strict Regulatory Pathways in U.S.; and Reshaped Public Health Environment in Countries Such As Sweden and Norway.combination With Swedish Match Would Position Pmi To: Create a Comprehensive Smoke-free Product Portfolio Globally, Underpinned by a Leading Research and Development Engine for Science, Innovation, and Growth Through Companies' Complementary Capabilities;.