World Markets
MO

FTC asks Altria for more information on Juul investment

Reuters

April 8 () - Marlboro maker Altria Group said on Monday it has received a request for additional information on its investment in e-cigarette maker Juul Labs Inc from the U.S. Federal Trade Commission (FTC).

Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as per the terms of the investment agreement.

The company said the waiting period for the deal has been extended until 30 days after the parties have complied with the FTC.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MO

Other Topics

Stocks

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More