Sonos (SONO) releases Listen Better Report for 2022, which highlights various initiatives made by the company to achieve its sustainability goals.
STOCKHOLM (Reuters) -Philip Morris International (PMI) said on Monday it now owned a big enough stake in Swedish Match to initiate a compulsory redemption of remaining shares in its Swedish peer and would take it off the stock market. Marlboro maker PMI in May launched a $16 billion takeover bid for the Swedish tobacco and nicotine products company. "We are delighted to have obtained over 90% ownership of Swedish Match, allowing us to initiate a minority redemption process to acquire the remaining shares outstanding and request the delisting of the company from the stock market,” PMI Chief Executive Jacek Olczak said in a statement.
In a shareholder-friendly move, Sonos (SONO) recently announces a $100 million worth of share repurchase authorization.