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On December 20, 2018, Altria finalized the acquisition of a 35% stake in JUUL Labs, an e-cigarette company based out of San Francisco, California, for $12.8 billion. [18] On November 3, 2019, it was reported that Altria was taking a $4.5 billion writedown on its stake in Juul, 35% of its original value. [19]
Altria Group v. Good , 555 U.S. 70 (2008), was a United States Supreme Court case in which the Court held that a state law prohibiting deceptive tobacco advertising was not preempted by a federal law regulating cigarette advertising.
Stodgy tobacco stock Altria Group (NYSE: MO), most known for selling Marlboro cigarettes in the U.S. and paying hefty dividends to its shareholders, has sprung to life this year.The stock has ...
Altria business faces tough challenges, but it pays hefty dividends.
Altria Group bought a 35% stake in vaping startup JUUL for $12.8 billion back in December 2018.Following the news, RBC Capital’s Nik Modi commented “Altria has written down the value of JUUL ...
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Altria (NYSE: MO) is a giant in the cigarette business, with its iconic Marlboro brand holding a huge 42% share of the North American cigarette market and a 59.4% share in the premium space. In ...
Altria stock appears to offer a reliable 8% dividend yield. Is it too good to be true?