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- cross-posted to:
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The tobacco giant that makes Marlboro cigarettes has sold a UK inhaler company for a knock-down price due to what it calls an “unwarranted” backlash.
Philip Morris International (PMI) has offloaded Vectura Group for £150m ($198m) just three years after buying it in a deal worth more than £1bn.
PMI’s decision to buy Vectura, which makes inhalers to treat lung conditions such as asthma, was criticised as being hypocritical.
You keep using that word. I do not think it means what you think it means.