© Reuters. FILE PHOTO: The holder of the electric tobacco heating system IQOS of cigarette maker Philip Morris Switzerland is displayed after a news conference in Bern, Switzerland November 19, 2019. REUTERS/Arnd Wiegmann
(Reuters) – Marlboro cigarettes-maker Philip Morris International Inc (NYSE:) on Thursday raised its buyout offer for Swedish Match AB to SEK 116 per share.
Philip Morris had offered SEK 106 a share for Swedish Match in May, for a total deal value of about $16 billion at the time.
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