Philip Morris International Inc - New York-based tobacco firm - Says it has received the requisite approval of Japanese competition regulator, the Japan Fair Trade Commission, for its cash offer for asthma treatment firm Vectura Group PLC. PMI confirms that all regulatory approvals for which it applied for have been received.
PMI current stock price: USD102.51
Year-to-date change: up 26%
Vectura current stock price: 163.60 pence
Year-to-date change: up 28%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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