Philip Morris International (PM) Receives Mini-Tender Offer from TRC Capital for 2M Shares at $49.25; Urges Shareholders to Reject Offer
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Philip Morris International Inc. (NYSE: PM) has been notified of an unsolicited “mini-tender offer” by TRC Capital Corporation to purchase up to 2.0 million shares, or approximately 0.09%, of Philip Morris International stock for $49.25 per share.
PMI recommends that stockholders not tender their shares in response to TRC Capital’s unsolicited mini-tender offer.
Philip Morris International, Inc. operates as a tobacco company worldwide. [BCS]
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Comments
PM is undervalued
Here's an analysis about why PM is undervalued. http://usequity.blogspot.com/2008/05/philip-morris-international-stock-pitch.html
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PMI DIVIDEND
Fred Campbell on May 6, 2008 07:29 AMWhen are they going to state the new dividend rate?