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Tobacco firms Philip Morris, Altria in talks to re-unite

Major tobacco firms Philip Morris International and Marlboro maker, Altria, are in talks to re-unite, more than a decade after the two firms separated.
 
With Philip Morris worth some $120 billion and Altria $88 billion, a deal would create a $200 billion-plus industry powerhouse.
 
The news hit the share prices of cigarette competitors, with British American Tobacco down three per cent.


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