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PHILIP MORRIS EXPECTS TO CLOSE QUICKLY ON ACQUISITION
Jump to full article: Philip Morris USA, 2000-12-07
Intro: Philip Morris Companies Inc. (NYSE: MO) confirmed today that the United States Federal Trade Commission (FTC) has approved a consent agreement in connection with the acquisition of Nabisco Holdings Corp. by Philip Morris.
Approval by the FTC clears the way for Philip Morris to close on its acquisition of Nabisco, which Philip Morris expects to complete as quickly as possible. . .
“We look forward to closing this transaction and to Nabisco joining the Philip Morris family of companies,” said Geoffrey C. Bible, chairman and chief executive officer, Philip Morris Companies Inc. “Nabisco provides us with brands in new growth categories where they are a leader, such as cookies and crackers. This is a terrific acquisition for both Nabisco and Philip Morris shareholders.”
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