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British minister asks for monitoring of Vectura’s proposed takeover by Philip Morris -The Times

imageStock Markets29 minutes ago (Jul 13, 2021 08:41PM ET)

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(C) Reuters. FILE PHOTO: Undated handout image of a Vectura laboratory provided to Reuters July 9, 2021. Vectura/Handout via REUTERS

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(Reuters) – British Business Minister Kwasi Kwarteng has asked officials to monitor drugmaker Vectura Group PLC’s proposed takeover by U.S. tobacco group Philip Morris International Inc (NYSE:PM), the Times newspaper reported https://

Kwarteng is understood to be working with officials to better understand the plans Philip Morris has for Vectura, according to the report, which did not elaborate on the officials.

Philip Morris agreed on Friday to buy Vectura for 1.05 billion pounds ($1.45 billion), giving the U.S. firm access to the British drugmaker’s respiratory ailment treatments and inhaling device technology.

($1 = 0.7244 pounds)

British minister asks for monitoring of Vectura’s proposed takeover by Philip Morris -The Times

4 Downgraded Stocks I'd Avoid at All Costs

4 Downgraded Stocks I’d Avoid at All Costs
By StockNews – Jul 13, 2021

As earnings season kicks into gear and more economic data gets released this week, we could see some volatility in the markets. That’s why investors should avoid stocks that have…

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