Altria Completes $10.4B Buy Of Smokeless-Tobacco Maker UST
Last Update: 1/6/2009 9:54:05 AM
DOW JONES NEWSWIRES
Altria Group Inc. (MO) on Tuesday completed its $10.4 billion acquisition of UST
Inc. (UST), after lenders requested that the closing take place in early 2009.
The delay, requested in October, reflected turmoil in the credit markets and not
the fundamentals of the tobacco [...]
This week, a larger breadth of America’s business community are set to release results. Among them are Dow components’ AT&T Inc., Caterpillar Inc., 3M Co., Boeing Co., Microsoft Corp., and McDonald’s Corp. Others include Amazon.com Inc., UPS Inc., and Altria Group Inc.
Economic reports this week include September’s index of leading U.S. economic indicators on Monday. [...]
WASHINGTON (Dow Jones)–U.S. Justice Department lawyers came under heavy
questioning Tuesday by a three-judge panel as the tobacco industry appealed a
ruling that it had tried to hide the dangers of smoking from the public.
In the latest round of a landmark case begun by the government, judges from the
U.S. Court of Appeals for the District of Columbia [...]
TEL AVIV (MarketWatch) — Altria Group’s Philip Morris USA said it filed a suit
to overturn a San Francisco law that would ban convenience drugstores from
selling tobacco products. Altria is the Richmond, Va., tobacco company. Philip
Morris said late on Wednesday that it sued in U.S. District Court for the
Northern District of California, asking the court to [...]
Altria to buy dipping-tobacco maker UST for $11.7B
Deal may help to shore up Altria’s foundering smoking-tobacco sales
By Christopher Hinton, MarketWatch
Last Update: 9/8/2008 8:40:00 AM
NEW YORK (MarketWatch) — Tobacco giant Altria Group Inc. said Monday it plans to
buy dipping-tobacco maker UST Inc. for $11.7 billion, boosting the Marlboro
maker’s presence in the still-growing market for snuff at [...]
DOW JONES NEWSWIRES
After years of merger speculation, Altria Group Inc. (MO) announced an agreement to acquire smokeless-tobacco maker UST Inc. (UST) for $10.4 billion, the cigarette maker’s biggest move since spinning off Philip Morris International (PM) in March.
The deal is the latest effort by Altria, known for its Marlboro brand, to strengthen its position [...]
U.S. stock futures flat after three-day break
By Steve Goldstein, MarketWatch
Last Update: 9:07 AM ET May 27, 2008
NEW YORK (MarketWatch) — U.S. stock futures were near flat on Tuesday in
tentative trading ahead of economic data that could show home prices and new-home
sales on the decline while crude-oil futures strengthened once more.
“The overall sales outlook remains bleak [...]
Altria Group Inc.’s (MO) first-quarter net income fell 12% as the company
completed its spinoff of Philip Morris International Inc. (PM) in addition to a
major restructuring and headquarters move.
Chairman and Chief Executive Michael Szymanczyk said the moves, including the
switch from Park Avenue in New York City to Richmond, Va., would “substantially
reduce the company’s cost structure.” The [...]
Philip Morris USA Makes $4B Annual Master Settlement Payment
Last Update: 4/15/2008 11:14:05 AM
DOW JONES NEWSWIRES
Altria Group Inc.’s (MO) Philip Morris USA made its annual Master Settlement
Agreement payment of $4 billion, including about $156 million the company
disputes it owes as a result of the 2005 nonparticipating manufacturer
adjustment, which takes into account the effect of settlements on [...]
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