Deals

Philip Morris, Altria Deal Seen as Public Health ‘Nightmare’

Merger would bring Marlboro, Juul and IQOS under one roof
Combined company would dominate cigarettes plus alternatives

Philip Morris and Altria are in advanced talks about a merger. Bloomberg’s Dave McCombs reports.Daybreak: Europe.” (Source: Bloomberg)

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By Corinne Gretler

August 28, 2019 at 9:21 AM UTC

Updated on

August 28, 2019 at 6:03 PM UTC

This article is for subscribers only.

Philip Morris International Inc. and Altria Group Inc.’s potential remarriage has public-health groups concerned about one behemoth dominating the most popular products used to get a nicotine fix.

The potential combined tobacco group with a market value of nearly $200 billion would create a patchwork family consisting of the three leading brands in cigarettes, vaping and heated tobacco.