By Adam Rhodes ( December 19, 2018, 7:03 PM EST) -- Tobacco giant and Philip Morris USA parent company Altria Group Inc. is close to snapping up a little more than one-third of e-cigarette startup Juul Labs, the Wall Street Journal reported on Wednesday. According to the report, the 35 percent stake is worth roughly $38 billion. Citing anonymous sources, the outlet reported that a deal could come in the next few days. The rumored deal would follow Altria's $1.8 billion deal to buy a minority stake in Toronto-based cannabis firm Cronos Group....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.