financetom
Business
financetom
/
Business
/
Philip Morris Completes Vectura Group Sale to Molex Asia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Philip Morris Completes Vectura Group Sale to Molex Asia
Jan 2, 2025 8:13 AM

10:58 AM EST, 01/02/2025 (MT Newswires) -- Philip Morris International ( PM ) said in a regulatory filing Thursday that the sale of its Vectura Group unit to Molex Asia closed Tuesday.

In September, Philip Morris ( PM ) affiliate Vectura Fertin Pharma announced the sale of Vectura Group to Molex Asia for an upfront cash payment of 150 million pounds ($185.7 million), with potential additional payments of up to 148 million pounds.

Price: 122.07, Change: +1.72, Percent Change: +1.43

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Edgar Bronfman Mulls $2 Billion-Plus Bid for Paramount-Controlling Company
Market Chatter: Edgar Bronfman Mulls $2 Billion-Plus Bid for Paramount-Controlling Company
Jun 10, 2024
12:00 PM EDT, 06/10/2024 (MT Newswires) -- Backed by Bain Capital, Edgar Bronfman Jr. has expressed interest in making an offer of between $2 billion and $2.5 billion to buy National Amusements, the privately held company that controls Paramount Global ( PARAA ) , The Wall Street Journal reported Monday, citing people familiar with the matter. (Market Chatter news is...
UAW reaches tentative agreement with Ultium Cells
UAW reaches tentative agreement with Ultium Cells
Jun 10, 2024
(Reuters) -The United Auto Workers union said on Monday it reached a tentative contract agreement with Ultium Cells in Lordstown, Ohio, where workers build electric vehicle batteries for General Motors. Ultium Cells is a joint venture between GM and LG Energy Solution. Hourly workers at the Ohio plant near Cleveland, which GM previously shuttered, voted in favor of joining the...
Comstock Amends Agreements With RenFuel
Comstock Amends Agreements With RenFuel
Jun 10, 2024
12:00 PM EDT, 06/10/2024 (MT Newswires) -- Comstock (LODE) said Monday it had amended agreements with RenFuel K2B regarding the development of RenFuel's pre-existing, planned biorefinery project in Sweden. The amended agreements facilitate the liquidation of RenFuel's RenFuel K2B Lignolproduktion subsidiary, which was formed for a joint venture with Preem, and anticipate expanding the scope of Comstock's partnership with RenFuel...
Glass Lewis ESG Controversy Alert: Tesla
Glass Lewis ESG Controversy Alert: Tesla
Jun 10, 2024
12:01 PM EDT, 06/10/2024 (MT Newswires) -- Glass Lewis has issued a Controversy Alert and Proxy Paper with voting recommendations for shareholders of Tesla (TSLA) ahead of the electric vehicle manufacturer's annual general meeting Thursday. Proposals will be put to Tesla's shareholders on executive compensation, re-domestication of the company from Delaware to Texas and the election of board directors. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved