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.
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)