08-27-2019, 09:19 AM
(08-27-2019, 09:12 AM)stockguru Wrote: So I read a comment on SeekingAlpha
MO shareholders would get 0.70 shares of PM for each share of MO and PM increases dividend to $4.80
in that scenario, MO shareholders would have the same dividend payout. The "buyout" price would be just over $51 which is where we are now.
No one has any details regarding the particulars of any deal at the moment. PM's own press release indicates that there is no agreement yet, and it has no comment at this time as to any particulars, beyond pitching an all-stock "merger of equals":
"Philip Morris International Inc. (PM) today announced that it is in discussions with Altria Group, Inc. (MO) regarding a potential all-stock, merger of equals. There can be no assurance that any agreement or transaction will result from these discussions. Additionally, there can be no assurance that if an agreement is reached, that a transaction will be completed. Any transaction would be subject to the approval of the two companies’ boards and shareholders, and regulators, as well as other conditions. Philip Morris International intends to make no further comment regarding the discussions unless and until it is appropriate to do so."
https://seekingalpha.com/pr/17614117-phi...-potential
