Posted on 06/09/08
Altria dismisses report it's buying UST
Altria Group Inc., which owns Marlboro-maker Philip Morris USA, said yesterday that a report of its impending acquisition of UST Inc., parent of United States Tobacco Co., was "pure speculation." But analysts said the deal makes perfect sense. The New York Times reported late Thursday that Altria, which owns the nation's biggest cigarette maker, was in discussions to buy UST for more than $10-billion (U.S.).
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