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Philip Morris spin-off to unlock value - Barron's  

The spin-off of Philip Morris International PM.N by its parent Altria will benefit investors in both companies, particularly the new Altria, Barron's reported on Sunday.

The new Altria will have room to cut costs and raise profit margins, the weekly paper said.

It said most of its opportunity lies in the developing world, where a young and growing population may gravitate toward Marlboro and other key brands.

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