Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival - The Wall Street Journal

The tie-up would help accelerate Philip Morris International’s effort to generate more than 50% of revenue from smoke-free products.

Philip Morris International is in advanced talks to acquire Swedish Match according to people familiar with the matter, in a deal that could be valued at roughly $15 billion or more and bolster the t… [+325 chars]

full article...