Philip Morris International (PMI) has raised its public offer for its European rival Swedish Match from SEK106 ($9.52) to a final price of SEK116 ($10.42) per share in a bid to finalise its takeover of the smokeless tobacco specialist. The total bid now amounts to around SEK176bn ($15.8bn).

PMI chief executive Jacek Olczak said it was the company’s “best and final price”. If accepted by holders accounting for 90% of Swedish Match shares before 4th November, the transaction would then be expected to close by the end of this year.

...

Benefits of subscription plans:

  • Stay informed of any legal and market change in the sector that impacts your organization
  • Maximise resources by getting market and legal data analysis daily in one place
  • Make smart decisions by understanding how the regulatory and market landscape evolves
  • Anticipate risks in your decisions by monitoring regulatory changes that impact your organization

Need help?

Contact a sales representative right now and don’t wait

Email us