Latest News for: Tobacco shareholder

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As Philip Morris bids for British inhaler firm...Tobacco boss in takeover row says: 'We'll stop ...

The Daily Mail 24 Jul 2021
The boss of tobacco giant Philip Morris International has mounted a staunch defence of its controversial deal to buy a British inhaler company – and pledged to stop selling cigarettes in the UK within the next ten years ... Philip Morris boss defends tobacco giant's plans to buy...
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Reinet Investments says net asset value per share of its fund has fallen

Independent online (SA) 22 Jul 2021
“The NAV reflects Reinet Fund's shareholding in Pension Insurance Corporation Group (Penscorp), British American Tobacco (BAT), its other investments and cash resources, together with other assets and liabilities ... Reinet is the major shareholder of Penscorp, with its stake at 49.38 percent on June 16, 2021 ... edward.west@inl.co.za. BUSINESS REPORT .
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Vectura deal is challenge for ethical pledges

The Times/The Sunday Times 21 Jul 2021
... International, one of the world’s largest tobacco companies, has created a potential dilemma for institutional shareholders in Vectura — including Legal & General.Sponsored.
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39 managers enter ITC crorepati club in FY21

The Times of India 16 Jul 2021
As many as 153 employees earned Rs 1 crore-plus salaries annually at ITC Ltd in the last fiscal year, outstripping Hindustan Unilever Ltd (HUL ... This happened after shareholder British American Tobacco (BAT) voted against ITC's employee stock option scheme in 2018, said two industry executives ... .
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ITC CMD Sanjiv Puri's total remuneration jumps 47.23% in FY21

The Times of India 15 Jul 2021
ITC, which followed a mix of salary and ESOPs (employee stock option scheme) as remuneration structure, had to change it after British American Tobacco (BAT), a shareholder in the company, opposed it in 2018 to prevent dilution of its shareholding ... shareholders in September 2019.
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ITC foraying into boutique brands; should you buy it?

The Times of India 15 Jul 2021
ITC ... The most discussed stock is ITC now. They are looking at foraying into the boutique brand segment for hotels and diversifying tobacco to manufacture nicotine, nicotine salts for the US and EU markets. How has ITC shaped up and what should shareholders be doing? ... Globally, the majority of the tobacco companies are quoting at similar valuations ... .
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ITC's Sanjiv Puri sees 47% jump in FY21 remuneration

Live Mint 14 Jul 2021
The move came after British American Tobacco (BAT), a shareholder in ITC, decided not to support the company’s proposal to continue the ESOP Scheme in 2018 to avoid dilution of BAT’s shareholding in the company ... The same was approved by the shareholders of the company through postal ballot on 23rd September 2019, effective 1st October 2019 onwards ... .
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Philip Morris International Inc. to Host Webcast of 2021 Second-Quarter Results

The Marshall News Messenger 13 Jul 2021
Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders ... TOBACCO RETAIL.
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Philip Morris vies for U.K.'s Vectura

Arkansas Democrat-Gazette 10 Jul 2021
asthma-drug maker Vectura Group for $1.2 billion, one of the biggest moves yet by a tobacco company toward treating conditions that its cigarettes can help cause ... Carlyle said it's considering its options and will make a further announcement later, raising the prospect of a takeover battle with the tobacco company.
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What to do about the dividend drought

The Times/The Sunday Times 10 Jul 2021
All bar one of the 15 — the cigarette maker British American Tobacco — have delivered returns for shareholders in excess of the FTSE 100 stock market’s gains ... .
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UK's Vectura agrees to $1.44 bln rival bid from Philip Morris

Reuters 09 Jul 2021
... 1.05 billion pounds ($1.44 billion) as it expands beyond tobacco and nicotine. Shareholders of Vectura, which focuses on inhaled medicines, will get 150 pence per share in cash, the companies said in a joint statement.
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UK’s Vectura agrees to $1.44 billion rival bid from Philip Morris

Metro USA 09 Jul 2021
(Reuters) – Cigarette maker Philip Morris International Inc said on Friday it will buy Vectura Group in a deal valuing the British pharmaceutical company at 1.05 billion pounds ($1.44 billion) as it expands beyond tobacco and nicotine. Shareholders ...
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Marlboro maker Philip Morris to buy UK drugmaker in ‘beyond nicotine’ push

Metro USA 09 Jul 2021
(Reuters) -Marlboro cigarettes maker Philip Morris International agreed on Friday to buy British drugmaker Vectura for 1.05 billions pounds ($1.44 billion) to bolster its portfolio of products that are free from tobacco or nicotine ... The deal requires the approval of shareholders, among other conditions.
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Week Ahead in Products Liability: July 12, 2021

Reuters 09 Jul 2021
Companies. Law firms. GlaxoSmithKline PLC. See all ... See all ... District Judge William Orrick in San Francisco in multidistrict litigation in which plaintiffs are seeking to hold e-cigarette company Juul Labs Inc and its largest shareholder tobacco giant Altria Group, along with their executives and directors, liable for fueling an addiction epidemic ... ....
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Week Ahead in Health: July 12, 2021

Reuters 09 Jul 2021
Companies. Law firms. BOEHRINGER INGELHEIM INTERNATIONAL GMBH ... District Judge William Orrick in San Francisco in multidistrict litigation in which plaintiffs are seeking to hold e-cigarette company Juul Labs Inc and its largest shareholder tobacco giant Altria Group, along with their executives and directors, liable for fueling an addiction epidemic.

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