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Marlboro owner wants to buy a company that makes asthma inhalers. Health charities say it must be stopped
CNN
A UK company that makes products to treat lung conditions could wind up in the hands of one of the world's biggest cigarette makers, prompting an outcry from health charities that are calling on the British government to block the deal.
Marlboro maker Philip Morris International (PMI) on Sunday increased its offer for pharmaceutical company Vectura to more than £1 billion ($1.4 billion) in an attempt to fend off a rival bid from US private equity group Carlyle. The revised offer comes just weeks after the tobacco giant said it will stop selling Marlboro cigarettes in Britain within a decade.More Related News
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