Altria’s Juul Stake Up In The Air Due To FTC Review, WSJ Reports

Altria Group Inc (NYSE: MO) investment in Juul is up in the air a year after the deal was made, as U.S. federal antitrust officials are probing the tobacco company’s reach in the sector, The Wall Street Journal reported Friday, citing people familiar with the matter. In December 2018, Altria paid $12.8 billion for a 35% stake in the e-cigarette company. Altria later announced a $4.5-billion impairment charge on the investment.