CORPORATE COUNSEL CENTER
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Altria calls reports on UST 'pure speculation'
(AP) - Altria Group, which owns Marlboro-maker Philip Morris USA, said Friday that a report of its impending acquisition of UST was "pure speculation." Analysts said the deal makes perfect sense.
The New York Times reported late Thursday that Altria, which owns the nation's biggest cigarette maker, was in discussions to buy UST for more than $10 billion. An official announcement could come as early as Monday, the report said.
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