All articles tagged with #altria group inc
Altria Group Inc. plans to sell a portion of its stake in Anheuser-Busch InBev SA for over $2 billion to fund its own share repurchases, with AB InBev also agreeing to repurchase $200 million of shares directly from Altria. The move comes as Altria faces increasing competition in cigarette alternatives and may use the proceeds to develop its own non-combustible products, such as vape and oral nicotine pouches.
Beasley Allen Law Firm has reached a $235 million settlement with Altria Group Inc., which helped market Juul products. The settlement will compensate thousands of individual plaintiffs who have been personally injured by the Juul product, and hundreds of school districts across the country, including Montgomery Public School system. Altria Group Inc. put out a statement online from its executive vice president and general counsel, Murray Garnick, stating that the settlement avoids the uncertainty and expense of a protracted legal process and is in the best interest of their shareholders.