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The Times & The Sunday Times

Philip Morris to buy respiratory drugs company for £1bn

Philip Morris International, one of the world’s largest tobacco companies and the owner of Marlboro cigarettes, has agreed to buy the FTSE 250 respiratory drugs company Vectura for £1 billion. The cash offer, which has been recommended by Vectura’s board, values the company at 150p per share, a 10 per cent premium to the cash consideration…Philip Morris International, one of the world’s largest tobacco companies and the owner of Marlboro cigarettes, has agreed to buy the FTSE 250 respiratory drugs company Vectura for £1 billion. The cash offer, which has been recommended by Vectura’s board, values the company at 150p per share, a 10 per cent premium to the cash consideration…Philip Morris International, one of the world’s largest tobacco companies and the owner of Marlboro cigarettes, has agreed to…

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The Times & The Sunday Times

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