- Philip Morris International Inc pm Has has increased its takeover bid for tobacco companies Swedish game AB SWMAF.
- Philip Morris made a cash offer of SEK 106 per share for Swedish Match in May.
- The subsidiary of Philip Morris, Philip Morris Holland Holdings BV(PMHH) increased the offer price to SEK 116 per share.
- PMHH also said it would not further increase the price in the revised offering.
- The offered price for the shares in the revised offer represents a premium of 52.5% compared to the share’s closing price of SEK 76.06 on 9 May 2022.
- The total value of the revised offer is approximately SEK 176.4 billion.
- also read: Philip Morris is ending IQOS’ commercial partnership with Altria
- Price promotion: PM shares are trading up 1.64% premarket on the last check Thursday at $87.89.
© 2022 Benzinga.de. Benzinga does not provide investment advice. All rights reserved.
