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KM Financial Solutions | Altria pays $12.8 bln for minority stake in e-cigarette company Juul
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Altria pays $12.8 bln for minority stake in e-cigarette company Juul

19 Dec Altria pays $12.8 bln for minority stake in e-cigarette company Juul

Posted at 12:10h in News by
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Marlboro cigarette maker Altria Group Inc
on Thursday announced it would pay $12.8 billion to take
a 35 percent stake in Juul Labs Inc, a marriage between an
old-line tobacco giant and a fast-growing electronic-cigarette
rival looking to make inroads among smokers.

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