BRIEF-Court Approves CCAA Plans To Resolve Tobacco Product-Related Claims And Litigation In Canada

Reuters
07 Mar
BRIEF-Court Approves CCAA Plans To Resolve Tobacco Product-Related Claims And Litigation In Canada

March 7 (Reuters) - Philip Morris International Inc PM.N:

  • COURT APPROVES CCAA PLANS TO RESOLVE TOBACCO PRODUCT-RELATED CLAIMS AND LITIGATION IN CANADA

  • PHILIP MORRIS INTERNATIONAL INC - COURT APPROVES SIMILAR PLANS FOR ITL AND JTIM

  • PHILIP MORRIS INTERNATIONAL INC - PLAN WILL RESOLVE ALL TOBACCO CLAIMS AGAINST RBH AND PMI

  • PHILIP MORRIS: UNDER RESOLUTION CONTEMPLATED BY PLAN, RBH, ITL AND JTIM WILL PAY AN AGGREGATE GLOBAL SETTLEMENT AMOUNT OF CAD 32.5 BILLION

  • PHILIP MORRIS: ROTHMANS, BENSON & HEDGES WILL BE FREE TO DEAL IN ITS SOLE DISCRETION WITH RBH RETAINED AMOUNT OF CAD 750 MILLION

Source text: ID:nBw7SH5f5a

Further company coverage: PM.N

(Reuters.Briefs@thomsonreuters.com)

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