Altria to Host Webcast to Discuss Altria’s Definitive Agreement to Acquire NJOY Holdings, Inc.

Rhea-AI Summary

Altria Group, Inc. (NYSE: MO) announced a definitive agreement to acquire NJOY Holdings, Inc., a significant move in the company's strategy to enhance its portfolio in the tobacco industry. The announcement was made via a press release at 7:00 a.m. ET on March 6, 2023, followed by a live webcast at 9:00 a.m. ET to discuss the acquisition details. CEO Billy Gifford will lead the discussion, aimed at addressing investor queries. The webcast can be accessed at altria.com.

Positive

• Acquisition of NJOY Holdings, enhancing product portfolio.
• Strategic move to adapt to evolving market preferences for nicotine products.

Negative

• Integration challenges with NJOY could pose risks.
• Financial strain from the acquisition may impact short-term earnings.

RICHMOND, Va.--(BUSINESS WIRE)-- Altria Group, Inc. (Altria) (NYSE: MO) will host a live audio webcast on Monday, March 6, 2023, at 9:00 a.m. Eastern Time to discuss its announcement of a definitive agreement to acquire NJOY Holdings, Inc. Altria issued a press release earlier today at approximately 7:00 a.m. Eastern Time. The webcast can be accessed at altria.com.

During the webcast, Billy Gifford, Altria’s Chief Executive Officer, and other members of management will discuss Altria’s definitive agreement to acquire NJOY Holdings, Inc. and answer questions from the investment community and news media.

The webcast will be in a listen-only mode. Pre-event registration is necessary; directions are posted at www.altria.com/webcasts. An archived copy of the webcast will be available on altria.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230305005077/en/

Altria Client Services

Investor Relations

(804) 484-8222

Altria Client Services

Media Relations

(804) 484-8897

Source: Altria Group, Inc.

FAQ

What is the acquisition deal between Altria and NJOY?

Altria has announced a definitive agreement to acquire NJOY Holdings to strengthen its product offerings in the tobacco market.

When will Altria discuss the NJOY acquisition?

Altria will discuss the NJOY acquisition during a live webcast on March 6, 2023, at 9:00 a.m. ET.

How might the NJOY acquisition affect Altria's stock (MO)?

The acquisition may enhance Altria's product portfolio but could also lead to short-term financial strain and integration challenges that might affect its stock performance.