Philip Morris: bids about $16bn for Swedish Match
(CercleFinance.com) - Philip Morris Holland Holdings, an affiliate of Philip Morris International, has announced a recommended cash offer of 106 Swedidh kronor per share to Swedish Match shareholders.
The offer totals approximately 161.2 billion Swedish kronor, which is equivalent to about 16 billion dollars.
The offer price for the shares represents a premium of 39.4% over the share's closing share price of 76.06 Swedish kronor on 9 May 2022 and 39.7% over the volume-weighted average trading price of 75.86 Swedish kronor over the 30 trading days to 9 May 2022.
Swedish Match's Board of Directors of recommends that shareholders accept the offer.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The offer totals approximately 161.2 billion Swedish kronor, which is equivalent to about 16 billion dollars.
The offer price for the shares represents a premium of 39.4% over the share's closing share price of 76.06 Swedish kronor on 9 May 2022 and 39.7% over the volume-weighted average trading price of 75.86 Swedish kronor over the 30 trading days to 9 May 2022.
Swedish Match's Board of Directors of recommends that shareholders accept the offer.
Copyright (c) 2022 CercleFinance.com. All rights reserved.