NY-PHILIP-MORRIS-INTL
Philip Morris International Inc. (PMI) (NYSE: PM) today confirmed, in response to recent market speculation, that discussions are ongoing between PMI and Swedish Match AB (STO: SWMA) regarding a potential offer for the company.
The discussions are in progress and it is uncertain whether an offer will be made. PMI intends to make no further comment regarding the discussions unless and until it is appropriate to do so.
Philip Morris International: Delivering a Smoke-Free Future
Philip Morris International (PMI) is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the U.S. Since 2008, PMI has invested more than USD 9 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. The U.S. Food and Drug Administration (FDA) has authorized the marketing of versions of PMI’s IQOS Platform 1 devices and consumables as Modified Risk Tobacco Products (MRTPs), finding that exposure modification orders for these products are appropriate to promote the public health. As of March 31, 2022, PMI's smoke-free products are available for sale in 71 markets, and PMI estimates that approximately 12.7 million adults around the world excluding Russia and Ukraine, have already switched to IQOS and stopped smoking. With a strong foundation and significant expertise in life sciences, in February 2021 PMI announced its ambition to expand into wellness and healthcare areas and deliver innovative products and solutions that aim to address unmet consumer and patient needs. For more information, please visit www.pmi.com and www.pmiscience.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20220509005878/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SS&C Technologies Completes Acquisition of Curo Fund Services12.11.2025 14:45:00 CET | Press release
The acquisition will grow SS&C’s business in South Africa SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has completed the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. Terms of the deal were not disclosed. Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees have joined SS&C in Cape Town. The team will be part of SS&C Global Investor & Distribution Solutions, led by Nick Wright. The merger will provide South African clients with access to SS&C’s automation, data and global operational expertise. Curo is positioned to expand its fund administration offerings, grow market share and accelerate growth across South Africa and the African continent. Curo Fund Services already leverages several of SS&C’s fund accounting and asset servicing technologies. The transa
Columbia Sportswear Company Advances Its Succession Plans and Appoints Co-Presidents, Peter J. Bragdon and Joseph P. Boyle12.11.2025 14:45:00 CET | Press release
Columbia Sportswear Company (Nasdaq: COLM, the “Company”), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that as part of its ongoing process to advance its succession plans, it has implemented some changes to its senior leadership team. The Board of Directors (the “Board”) has appointed Peter J. Bragdon and Joseph P. Boyle as co-presidents, effective November 12, 2025. Mr. Bragdon has been appointed President of the Company and will oversee all of the Company’s international businesses, the Mountain Hardwear brand, the prAna brand, and the SOREL brand, while continuing his existing executive oversight of certain administrative and international distributor sales functions. Mr. Joseph P. Boyle has been appointed President, Columbia Brand and will continue to oversee the Company’s Columbia brand, including the North America business, which was recently cons
Corpay Cross-Border Named the Official FX Partner for BLAST12.11.2025 14:30:00 CET | Press release
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments, today announced that its Cross-Border business has entered into a multi-year agreement with the BLAST, a global competitive entertainment company with a mission to bring mega entertainment to the world, taking esports, gaming and other new competitive formats to the next level. Under the agreement, Corpay will serve as their Official Foreign Exchange Partner. Through this partnership, BLAST will be able to use Corpay Cross-Border’s innovative solutions to help mitigate foreign exchange exposure in their daily operations. They’ll also benefit from Corpay’s award-winning platform, which allows for seamless global payment management from a single point of access. “Corpay is thrilled to be named the Official FX Partner for BLAST, a true pioneer in the world of esports,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “T
De' Longhi S.p.A. - Another Record Quarter: Revenues at €877 Million, up 11.5% at Constant Currency, and Adjusted EBITDA Margin at 17.0%. Guidance Raised12.11.2025 14:29:00 CET | Press release
The leadership position in the home coffee market allows the Group to achieve significant growth, thanks to the structural trend of espresso’s expansion and premiumization, further strengthened by the strong expansion of the professional division Approved by the Board of Directors of De' Longhi S.p.A. the consolidated results for the nine months of 2025. In the nine months the Group achieved: revenues for € 2,461.4 million, up by 10.4% with respect to 2024 (11.7% at constant currency); an adjusted Ebitda of € 389.5 million, equal to 15.8% on revenues (vs. 15.1% last year); a net income pertaining to the Group equal to € 187.6 million (+8.0% with respect to last year); a positive net financial position equal to € 308.7 million. In the third quarter the Group achieved: revenues for € 877.2 million, up by 8.9% with respect to 2024 (11.5% at constant currency); an adjusted Ebitda of € 148.8 million, or 17.0% on revenues (vs. 16.3% last year) a net income pertaining to the Group amounting t
World Leaders and Industry Icons Unite Under BRIDGE Alliance to Empower the Future of Media, Entertainment and Content12.11.2025 14:11:00 CET | Press release
A new international alliance of policymakers, creative leaders, and innovators has come together under the banner of BRIDGE Alliance to advance inclusivity, investment, and sustainable development in the global media, entertainment and content economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251112707768/en/ World leaders and industry icons unite under BRIDGE Alliance to empower the future of media, entertainment and content (Photo: AETOSWire) Headquartered in the UAE, BRIDGE Alliance stands as a first-of-its-kind global body chaired by H.E. Abdulla bin Mohammed bin Butti Al Hamed. It brings together an influential board comprising former heads of state, global leaders, policymakers, and CEOs from the media, communication, technology, finance, and creative sectors. The founding board includes HRH Princess Lamia bint Majed Al Saud, CEO of Rotana Media Group and Secretary-General of Alwaleed Philanthropies; H.E. Macky S
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom