MO stock is in the green today after Altria Group (NYSE:MO) announced it had ended merger talks with Philip Morris International (NYSE:PM).
The two tobacco heavyweights were once one company; however, they split over a decade ago due to slumping MO stock and heavy pressure from regulatory bodies with regard to tobacco’s role in contributing to cancer. Reports emerged last month that the two firms were in talks to reunite, which had a negative effect on both stocks due to skepticism from investors on both sides of the deal. News that those reunification talks have now ...
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