© Reuters. FILE PHOTO: A woman poses with a cigarette in front of Philip Morris International logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Marlboro maker Philip Morris International Inc (NYSE:) is planning to raise its offer for Swedish Match AB, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The tobacco giant has also agreed to pay $2.7 billion to recoup the U.S. rights for its IQOS heated tobacco products from Altria Group (NYSE:) Inc, the report added.
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