Cigarette company Philip Morris to acquire British pharma company Vectura
US-based cigarette company Philip Morris International (PMI) has offered to acquire British pharma company Vectura Group plc for about £852 million ($1.2 billion) in cash, in a move to accelerate its Beyond Nicotine strategy. As per the terms of the deal agreed with Vectura Group’s board, the company’s shareholders will be paid 150 pence per share. The […]