Philip Morris International (PMI) has confirmed that it will go ahead and accept all Swedish Match shares that have been tendered to it despite not achieving its 90% minimum stake threshold.
However, the company must still secure further shares in voluntary transaction during a new offer period if it is to achieve its goal of utilising cumpulsory purchase to acquire all remaining stakes in the Swedish company.
Get access to premium content that is normally only available for subscribers.
For the duration of a week, you can read our news analysis, identify market trends and understand upcoming changes in the industry, which will enable you to get ahead of your competitors.