Form 8-K ALTRIA GROUP, INC. For: Sep 29
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Altria's (MO) Move to End Noncompete Agreement 'Makes Sense'
September 30, 2022 10:02 AM EDTOn Friday, Altria Group (NYSE: MO) said in an SEC filing that it exercised its option to be released from its noncompete agreement with vaping company Juul Labs Inc.
The Marlboro maker exercised the option almost four years after acquiring a 35% stake in Juul, at the peak of its popularity. The move means Altria can acquire another e-cigarette company.
Altria has faced several problems since its investment... More
Altria Group (MO) exercises option to be released from JUUL non-competition obligations
September 30, 2022 7:34 AM EDT(Updated - September 30, 2022 7:34 AM EDT)
Altria Group (NYSE: MO) disclosed:
As previously disclosed, Altria Group, Inc. (Altria, we or our) agreed to certain non-competition obligations pursuant to our relationship agreement with JUUL Labs, Inc. (JUUL), which generally required that we participate in the e-vapor business... More
