Altria asks FTC to drop 2020 acquisition challenge…

US – General: Altria Group has asked the US Federal Trade Commission (FTC) to drop its 2020 challenge of the company’s 2018 acquisition of a 35% share in Juul Labs, Reuters reports. In 2020, the FTC ruled that Altria’s $12.8bn investment in Juul violated antitrust laws. The FTC found that by acquiring a position in Juul, Altria chose to exit » Continue Reading. ...