September 25, 2019 / 11:38 AM / 3 months ago

Philip Morris, Altria call off merger

Sept 25 (Reuters) - Philip Morris International Inc has abandoned merger talks with Altria Group Inc, it said on Wednesday.

“After much deliberation, the companies have agreed to focus on launching IQOS in the U.S. as part of their mutual interest to achieve a smoke-free future,” Philip Morris Chief Executive Officer André Calantzopoulos said. (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D’Silva)

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