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3 Takeaways From Philip Morris' $16 Billion Merger with Swedish Match

·3-min read
3 Takeaways From Philip Morris' $16 Billion Merger with Swedish Match
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Tobacco giant Philip Morris International (NYSE: PM) is making a splash with a blockbuster deal earlier this month to acquire Swedish Match (OTC: SWMAF) for $16 billion in an all-cash arrangement. Swedish Match is a fellow nicotine-products company, most famous for its Zyn nicotine pouches, a smokeless nicotine product. Philip Morris has a market cap of $160 billion, so this deal is pretty significant and could have some short- and long-term ramifications for shareholders.

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