Altria Group (MO) exercises option to be released from JUUL non-competition obligations
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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
