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Marlboro maker Altria takes $2.6 billion third-quarter hit on Juul investment

Posted on October 30, 2020 by Michael

By Reuters

Reuters had on Thursday reported citing an internal memo that the e-cigarette maker had cut its valuation by about $2 billion at the end of last year. The value of Altria's investment in Juul was $1.6 billion as of Sept. 30, Altria said.

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