Altria in talks with Juul to take minority stake - WSJ

Altria in talks with Juul to take minority stake - WSJ

Tobacco giant Altria Group Inc is in talks to take a significant minority stake in e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Electronic cigarette devices made by JUUL and Suorin are shown in this picture illustration
FILE PHOTO: Electronic cigarette devices made by JUUL (L) and Suorin are shown in this picture illustration taken September 14, 2018. REUTERS/Mike Blake/Illustration

REUTERS: Tobacco giant Altria Group Inc is in talks to take a significant minority stake in e-cigarette maker Juul Labs Inc, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

A deal is not imminent but if one were to come through it will likely be big, the sources said.

A spokeswoman for Juul declined to comment and Altria did not immediately respond to a Reuters request for comment.

(Reporting by Tamara Mathias in Bengaluru)

Source: Reuters

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