Philip Morris boss stubs out Altria merger for good

The Telegraph | Jan 21, 2020 at 1:42 PM
  • The head of the world’s biggest tobacco company, Philip Morris International (PMI), has ruled out a revival of its $200bn (£153bn) merger with rival Altria, saying the “chapter was closed”.
  • The two businesses are instead focusing on working together on marketing iQOS, their heated tobacco product.