Philip Morris International, the maker of Marlboro cigarettes in overseas markets, is in talks to reunite with Altria Group more than 10 years after the tobacco giants split their operations. The deal would be the biggest since AT&T Inc. bid for Time Warner in 2016. Philip Morris had a market value of nearly $126.4 billion at the close of trading on Aug. 23, before speculation of a possible deal gained traction, while Altria was worth about $86.7 billion. The companies broke apart more than a decade ago, bowing to pressure from U.S. investors who wanted higher dividends and more share buybacks. The move was also pitched as a way to set free faster-growing overseas operations while the U.S. business was entangled in smoker lawsuits. But times have changed. Altria has recently diversified its portfolio with investments in vaping and cannabis, giving the company more growth potential even as fewer people smoke cigarettes. Some analysts and investors have argued that the companies should get back together, a move that would give Philip Morris more U.S. exposure. The transaction would give Philip Morris roughly 58% ownership of the new company, with Altria holding the rest, according to a person familiar with the terms who asked not to be identified because the details haven’t been made public. They are considering a no-premium deal based on the companies’ closing share prices on Aug. 23, according to the person. The companies would aim to close the deal within six... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-08-27 18:36:32 UTC ]
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Philip Morris International, the maker of Marlboro cigarettes in overseas markets, is in talks to reunite with Altria Group more than 10 years after the tobacco giants split their operations. The deal would be the biggest since AT&T Inc. bid for Time Warner in 2016. Philip Morris had a... Continue reading at Advertising Age
[ Advertising Age | 2019-08-27 18:36:32 UTC ]
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Philip Yancey’s books have sold more than 15 million copies worldwide and include the 1997 bestseller as 'What’s So Amazing About Grace?' His new book continues Yancey's study of that favorite topic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-10-31 00:00:00 UTC ]
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Get cozy with critters and find out what the animals are really thinking with these 10 fun manga with talking animals. Continue reading at Book Riot
[ Book Riot | 2023-04-14 10:34:00 UTC ]
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The world's leading financial scientist and a #1 international best-selling author lays out the importance of mastering money matters. (Sponsored.) Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-01 05:00:00 UTC ]
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Is technology a religion, a godlike system promising salvation and threatening of damnation? Yes, says Greg Epstein, the Humanist chaplain at Massachusetts Institute of Technology and Harvard, in his new book 'Tech Agnostic: How Technology Became the World's Most Powerful Religion, and Why It... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-05 05:00:00 UTC ]
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Author Rachel Wagner talks about the mashup of Christianity, masculinity, power, and gun culture in her book, 'Cowboy Apocalypse.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-01 05:00:00 UTC ]
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The team behind Drawing Blood, the new graphic novel series from Image Comics, which follows the rapid rise and fall of the cocreator of a Teenage Mutant Ninja Turtles–like superhero team, discusses collaborating, comics history, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-30 04:00:00 UTC ]
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Neuroscientist and biology professor Siddharth Ramakrishnan analyzes the brain to offer a scientific explanation of intuition in ‘Neuroscience of Tarot: From Imagery to Intuition to Prediction. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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PW talks with the author of ‘Black Girls Breathing’ about how mindful breathing and other practices can help heal chronic stress and generational trauma. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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PW talks with the author of ‘Black Girls Breathing’ about how mindful breathing and other practices can help heal chronic stress and generational trauma. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-11 04:00:00 UTC ]
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In 'Beam of Light: The Story of the First White House Menorah,' Elisa Boxer shares a story of Jewish resilience with young readers through the history of a unique menorah. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-10-01 04:00:00 UTC ]
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The Short Stories of Moroccan Writer Mohamed Choukri: A Talk by Dr. Jonas Elbousty, by The Editors of WLT News and Events [email protected] Thu, 09/26/2024 - 13:32 The University of Oklahoma’s Center for Middle East Studies; Department of Modern... Continue reading at World Literature Today
[ World Literature Today | 2024-09-26 18:32:59 UTC ]
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News publisher Guardian Media Group says it is in talks to sell The Observer newspaper to “slow news” outlet Tortoise Media Continue reading at ABC News
[ ABC News | 2024-09-17 16:30:04 UTC ]
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PW checks in with the 'Book Riot' writer, whose weekly Censorship News column tracks efforts to ban books in school and libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-16 04:00:00 UTC ]
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The two bestselling authors who both started in TV discuss writing as a second career, natural justice – and what they really think of literary fictionIn the four years since Richard Osman published his first Thursday Murder Club novel he has consistently topped the bestseller lists, and now his... Continue reading at The Guardian
[ The Guardian | 2024-09-14 09:00:23 UTC ]
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Lit Hub is excited to feature another entry from Poets.org’s “enjambments,” a monthly interview series with new and established poets. This month, they spoke to Dunya Mikhail. Dunya Mikhail is the author of numerous books of poetry, including Tablets: Secrets of the Clay (New Directions, 2024).... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-09 08:55:06 UTC ]
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Ann Regan is retiring as editor-in-chief of the Minnesota Historical Society Press after 46 years with the press. We spoke with Regan about her long career, how publishing has and has not changed since 1978, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-28 04:00:00 UTC ]
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Calling all SFF fans! Scratch your nerdy itch with more of this week's science fiction and fantasy releases, plus a pair of outta-this-world upcoming picks. Continue reading at Book Riot
[ Book Riot | 2024-08-23 15:45:00 UTC ]
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The first novel in Elena Ferrante’s Neapolitan quartet was just voted the best book of the 21st century. We like it too. Continue reading at The New York Times
[ The New York Times | 2024-08-23 13:58:16 UTC ]
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These YA books explore American civics and encourage readers to get involved in the democratic process. That, plus this week's YA book news. Continue reading at Book Riot
[ Book Riot | 2024-08-22 15:00:00 UTC ]
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