New York - Altria Group, the parent of Philip Morris USA and Philip Morris International, will meet this Wednesday to consider spinning off the overseas division of its cigarette business in a bid to boost the stock price, according to sources who spoke to the New York Times.
The move would help Philip Morris International be more aggressive and allow Philip Morris USA to develop other products like smokeless tobacco, and also to make acquisitions, the Times reported in its Saturday edition. Full Story - Discount Magazine Subscriptions
The move would help Philip Morris International be more aggressive and allow Philip Morris USA to develop other products like smokeless tobacco, and also to make acquisitions, the Times reported in its Saturday edition. Full Story - Discount Magazine Subscriptions
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