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Philip Morris sees delays in EU review of Swedish Match deal, extends offer period

( October 5, 2022, 05:24 GMT | Official Statement) -- MLex Summary: Philip Morris has said it expects a couple of weeks delay in the EU review of its $16 billion (173 billion crowns) acquisition of Swedish Match, predicting the verdict would now come in late Oct. The EU regulator is conducting a phase 1 review of the deal and the current deadline is Oct. 11, although that would be extended if Philip Morris offered concessions ahead of yesterday's cut-off point. The statement follows....

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