Altria (MO) Ups Earnings View, Expands Share Buyback Plans

Altria Group, Inc. (MO) concluded the divestiture of a portion of its stake in Anheuser-Busch InBev SA/NA. Concurrently, the tobacco behemoth expanded its share repurchase program. Taking these into account, the company raised its bottom-line view for 2024. More on DivestitureAltria divested 35 million shares of Anheuser-Busch InBev SA/NA via a global secondary offering. The deal includes a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public ...