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FTC asks Altria for more information on Juul investment


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.

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