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Wednesday, October 28, 2020  Spokane, Washington  Est. May 19, 1883
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Feds seek breakup of Altria-Juul deal on antitrust grounds

U.S. business regulators are suing to break up the multibillion-dollar deal between tobacco giant Altria and e-cigarette startup Juul Labs, saying their partnership amounted to an agreement not to compete in the U.S. vaping market.

Philip Morris, Altria end merger talks

NEW YORK – The U.S. tobacco giants Philip Morris and Altria are calling off merger talks and Juul’s CEO is stepping down with safety concerns over e-cigarettes intensifying. The makers of Marlboro cigarettes said last month that they were in discussions to become a single company, more than a decade after splitting into two as lawsuits mounted.

Tobacco giant strides into vape market with $13B Juul stake

Altria, one of the world’s biggest tobacco companies in the world, is spending nearly $13 billion to buy a huge stake in the vape company Juul as cigarette use continues to decline. The Marlboro maker said Thursday that it will take a 35 percent stake in Juul putting the value of the company at $38 billion, larger than Ford Motor Co., Delta Air Lines or the retail giant Target.

Incoming Altria Group CEO made $10.3M in ’12

RICHMOND, Va. — Marlboro maker Altria Group Inc.’s incoming CEO Martin J. Barrington received a pay package valued at $10.3 million for fiscal 2012, according to an Associated Press analysis of a regulatory filing.