Feds seek breakup of Altria-Juul deal on antitrust grounds

WASHINGTON — U.S. business regulators are suing to break up the multibillion-dollar deal between tobacco giant Altria and e-cigarette startup Juul Labs, saying their partnership amounted to an agreement not to compete in the U.S. vaping market. The action announced late Wednesday by the Federal Trade Commission is the latest legal headwind against Altria's investment in ...

Leave a Reply

Your email address will not be published. Required fields are marked *