Marlboro maker Philip Morris International (PMI) is going ahead with its $16 billion takeover of Swedish Match despite securing slightly less than the 90% stake it wanted, as the U.S.
Swedish Match s small shareholders have sold parts or all of their holdings to lock in profits even though they oppose Marlboro-maker Philip Morris International s $16 billion bid for the company.
By Marie Mannes (Reuters) - Swedish Match's small shareholders have sold parts or all of their holdings to lock in profits even though they oppose Mar.