Answer To: Research the proposed acquisition of Phillip Morris International by Altria Group in 2019. Seek out...
Prince answered on Apr 14 2023
Acquisition of Phillip Morris International by Altria Group
Student Name
14th April 2023
Background:
One of the biggest tobacco businesses in the world is Altria Group, and the other is Phillip Morris International. Since its founding in 1902, Philip Morris Companies Inc., also known as Altria Group, has existed. The business changed its name to Altria Group in 2008, becoming the parent company of Phillip Morris USA, which is in charge of handling tobacco product sales in the US. On the other hand, Phillip Morris International was separated from Altria Group in 2007 and established itself as a stand-alone, publicly traded business (Kumar, & Kumar, 2019). The business sells tobacco products outside of the United States and has operations in more than 180 nations.
Financial Value: Altria Group's proposed acquisition of Phillip Morris International was anticipated to produce substantial value for shareholders. A firm with a dominant position in the global tobacco market would have been created as a result of the merger between two organisations with a significant presence in the tobacco sector. The companies might have shared resources and expertise, which would have reduced costs and improved...