The deal would accelerate the Marlboro-maker’s push beyond cigarettes and broaden its distribution network in the U.S. for reduced-risk products.
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Shareholders are set to vote on Toshiba’s plan to split into two companies and sell noncore assets including the elevator operations.
THG became a billion-dollar company through makeup and supplements that were wildly popular on social media. The good times didn’t last.
As companies brace for the impact of 2016's political shocks and looming elections next year, global appetite for mega-mergers may slow amid the prospect of increased protectionism. The biggest transactions mostly involved buyers and sellers from different countries: Bayer AG's acquisition of Monsanto Co. in ...