Altria and Phillip Morris - FT Philip Morris International is in merger talks with Altria in a deal that would reunite the US and international makers of Marlboro, creating a tobacco giant with a market value of more than $210bn, the company said on Tuesday.
In a statement, PMI confirmed the talks and said that it was considering an all-stock merger of equals. “There can be no assurance that any agreement or transaction will result from these discussions”.
The talks come as tobacco groups are looking to build out their presence in electronic cigarettes.