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FTC Sues Altria And Juul, Says $12.8B Deal Hurt Competition

By Dave Simpson ( April 1, 2020, 10:38 PM EDT) -- Altria Group Inc.'s $12.8 billion purchase of a stake in private equity-backed e-cigarette startup Juul Labs Inc. eliminated competition and violated antitrust laws, the Federal Trade Commission said Wednesday in announcing that it filed an administrative complaint against the companies....

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