Deals
Altria, Philip Morris Should Become One Company Again: Real M&A
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It may be time to put Altria Group Inc. and Philip Morris International Inc. back together.
The world’s most valuable tobacco companies split apart more than seven years ago to set free the faster-growing overseas operations while the U.S. business was entangled in smoker lawsuits. But things have changed since then, and the rationale that justified the separation no longer exists.