Philip Morris delists Vectura following acquisition

Approaches compulsory acquisition threshold

James Baxter-Derrington
clock • 1 min read
The move will "significantly reduce the liquidity" of Vectura shares

The move will "significantly reduce the liquidity" of Vectura shares

Philip Morris International (PMI) has begun the process of delisting UK inhaler maker Vectura following its acquisition of the $1bn healthcare firm.

The move comes following the receipt of valid acceptances of the offer totalling more than 75% of Vectura voting rights, with 77.57% of voting rights currently acquired by PMI. As such, the tobacco...

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