US Trade Watchdog Sues Over $13 Bn Altria-Juul Vaping Deal

US Trade Watchdog Sues Over $13 Bn Altria-Juul Vaping Deal

The usa trade watchdog stated Wednesday it had sued Altria and Juul more than a $12.8 billion e-cigarette deal which presumably breached antitrust legislation.

Based on the Federal Trade Commission (FTC), the businesses produced string of agreements that eradicated competition surrounding tobacco giant Altria’s purchase of the 35 percent stake in Juul, the once high-flying brand that is vaping.

“for quite some time, Altria and Juul had been rivals looking for closed-system e-cigarettes,” the FTC said in a declaration announcing it had filed a complaint that is administrative the set. Leggi tutto “US Trade Watchdog Sues Over $13 Bn Altria-Juul Vaping Deal”