Altria Board to Consider a Spinoff Overseas
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The parent company of Philip Morris is considering whether to spin off the international arm of its cigarette business.
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Kraft Foods wants to spin off from the Altria Group and be free of what many Kraft employees refer to as the Âtobacco taint.Â
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InterActive Corp, the media group run by US entrepreneur Barry Diller, on Tuesday outlined plans to spin off its Expedia online travel group as part of an effort to maximise the potential of both businesses.
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Stockland, Australia&#39;s second-biggest property trust by market value, will make a proposal involving General Property Trust, raising speculation it may trump aA$7.
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WELLINGTON (Dow Jones)--Insurer Tower Group Ltd. (TWR.NZ) said Monday it will go ahead with the spin-off of its Australian wealth management businesses and use the cash proceeds to grow and develop new businesses.
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Altria Group Inc.  on Wednesday  said it plans to spin off its 89 percent stake in Kraft Foods  Inc.  on March 30, completing the long-awaited  separation of the maker of Oreo cookies from the Philip Morris  tobacco companies.
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AMSTERDAM/LONDON  - ABN AMRO  said on Wednesday it would discuss with Barclays  the implications of a bid proposal this week by the consortium seeking to dislodge Barclays as ABN's preferred merger partner.
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The board of the parent company of  Philip Morris USA and Philip Morris International is to meet  next week to decide whether to spin off the international arm  of its cigarette business, The New York Times reported on  Saturday.
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Altria Group Inc  is splitting the Marlboro cigarette business apart, saying Wednesday that it will spin off its Philip Morris International unit in move seen as unlocking the value of that faster growing business.
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Interflora stakeholders are meeting to decide whether to accept a buyout offer from investment group 3i.
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Altria Group Inc., the world's largest tobacco company, plans to spin off Philip Morris International after being pressured by investors who want faster overseas growth and less risk from US smokers' lawsuits.
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Altria Group Inc  posted a 26 percent decline in quarterly earnings on Wednesday due to the spinoff last year of Kraft Foods, and set March 28 as the date for its planned spinoff of Philip Morris International.
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Tre soluzioni: vendita, spin-off o maggiore integrazione
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Things are looking up for National Australia Bank, which could be a good foreign investment.
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Altria, which includes Philip Morris, has been looking for a way to extract divisions from the American tobacco unit, which has been mired in litigation for years.
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Altria Group said on Wednesday it plans to spin off its international tobacco unit but will not give details on the timing on the much anticipated move until January.
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The London Stock Exchange plans to set up an Asia headquarters in Hong Kong to tap the growing number of mainland corporates eyeing listings abroad, a local newspaper reports.