PM · News · 20260907N

Acquisition / Partnership / Divestiture

Philip Morris International Inc. · 2026-09-07 · Importance 37 · Surprise 42

Philip Morris USA entered a contract manufacturing arrangement with overseas affiliates of Philip Morris International. The arrangement is intended to improve Altria’s tobacco-business operating efficiency as cigarette volumes decline. Altria expects the efficiency benefits to support future investments while preserving profitability.

Key facts

• Virginia Retirement Systems acquired a new position of 493,600 shares in Philip Morris International Inc. during the second quarter, valued at approximately $89.3 million. source
• First Eagle Investment Management LLC bought 33,010 shares of Philip Morris International Inc., bringing its total holdings to 5.93 million shares valued at $1.07 billion. source