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Last $50.00 USD
Change Today -0.15 / -0.30%
Volume 14.5M
MO On Other Exchanges
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As of 8:04 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

altria group inc (MO) Key Developments

Altria Group, Inc. Announces Consummation of Cash Tender Offer and Final Results

Altria Group Inc. announced the consummation of and final results for its previously announced cash tender offer for any and all of its senior unsecured 9.700% notes due 2018. The terms and conditions of the tender offer are described in the offer to purchase, dated February 26, 2015, the related letter of transmittal and the notice of guaranteed delivery. The tender offer for the notes expired at 5:00 p.m., New York City time, on March 4, 2015 (the expiration time). The total aggregate principal amount of notes validly tendered at or prior to the expiration time and not validly withdrawn and accepted for purchase was $792,538,000, which amount includes the notes delivered in accordance with guaranteed delivery procedures. The total consideration per $1,000 principal amount of each note accepted for purchase was $1,282.76, plus accrued and unpaid interest from the last interest payment date up to, but not including, the date hereof. Payment for the purchased notes was made on March 9, 2015.

Altria Group Inc. Announces Expiration of Cash Tender Offer for Any and All of its Senior Unsecured 9.700% Notes Due 2018

Altria Group Inc. announced the expiration of its previously announced cash tender offer for any and all of its senior unsecured 9.700% Notes due 2018. The terms and conditions of the tender offer are described in the Offer to Purchase, dated February 26, 2015, the related Letter of Transmittal and the Notice of Guaranteed Delivery. The tender offer for the Notes expired at 5:00 p.m., New York City time, on March 4, 2015. The company expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. The conditions to the tender offer have been satisfied, therefore, Altria expects the payment for the purchased Notes, including Notes delivered in accordance with guaranteed delivery procedures, to be made on March 9, 2015 In addition, holders whose Notes are purchased in the tender offer will be paid accrued and unpaid interest on their purchased Notes from the last interest payment date up to, but not including, the payment date for such purchased Notes. Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC have acted as the Dealer Managers for the tender offer.

Altria Group Inc. Reaffirms Earnings Guidance for the Year 2015

Altria Group Inc. reaffirmed earnings guidance for the year 2015. The company expects full-year adjusted diluted EPS to be in the range of $2.75 to $2.80, which excludes the charge as well as an approximate $0.02 per share provision that will be recorded by Philip Morris USA related to a tentative agreement to resolve approximately 415 pending federal Engle progeny cases. The 2015 full-year adjusted diluted EPS guidance range represents a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.57 in 2014.

Altria Group, Inc. Declares Regular Quarterly Dividend, Payable on April 10, 2015

Altria Group Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.52 per common share, payable on April 10, 2015, to shareholders of record as of March 16, 2015. The ex-dividend date is March 12, 2015.

Altria Group Inc., Philip Morris USA, R.J. Reynolds Tobacco Co., and Lorillard Inc. Asks Federal Appeals Court to Set Aside Series of Court-Ordered Advertisements

America's tobacco companies asked a federal appeals court to set aside a series of court-ordered advertisements saying they lied about the dangers of smoking. The companies told a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit that they're willing to pass along factual public health information about cigarettes but said they won't go along with being forced to underwrite an ad campaign that would have the companies brand themselves as liars. In 2006, U.S. District Judge Gladys Kessler ordered the cigarette makers to publicly admit that they had lied for decades about the dangers of smoking. The ruling came after testimony from 162 witnesses, a nine-month bench trial and thousands of findings by the judge that defendants engaged in a massive campaign of fraud. Kessler required the companies to publicly address smoking's adverse health effects, nicotine manipulation and the impact of secondhand smoke. The judge also required the companies address the truth about 'light' and 'low tar' brands and cigarette addiction. The companies in the case include Altria Group Inc., Philip Morris USA; R.J. Reynolds Tobacco Co.; and Lorillard Inc.

 

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MO

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Valuation MO Industry Range
Price/Earnings 19.6x
Price/Sales 5.5x
Price/Book 32.7x
Price/Cash Flow 19.5x
TEV/Sales 4.5x
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