Marlboro owner Altria buys one third of vape company Juul

Thursday, December 20, 2018 - 09:40 in Mathematics & Economics

Marlboro cigarette maker Altria Group Inc on Thursday announced it would pay $12.8 billion to take a 35 per cent stake in Juul Labs Inc, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroads among smokers.

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