Philip Morris International Inc. Files Preliminary Registration Statement on Form 10 in Preparation For Spin-Off |
NEW YORK--(BUSINESS WIRE)--Sept. 27, 2007--Regulatory News:
Altria Group, Inc. (NYSE: MO) announced today that its wholly
owned subsidiary, Philip Morris International Inc. (PMI), has filed
with the U.S. Securities and Exchange Commission (SEC) a preliminary
registration statement on Form 10 in preparation for the potential
spin-off of PMI from Altria.
On August 29, 2007, the Board of Directors of Altria announced its
intention to pursue the spin-off of PMI to Altria's shareholders. At
that time, the Altria Board said that it anticipates that it will be
in a position to finalize its decision and announce the precise timing
of the spin-off at its regularly scheduled meeting on January 30,
2008. The spin-off is subject to final approval by the Altria Board
and other conditions, including required regulatory approvals.
Copies of the preliminary registration statement on Form 10 are
available at the SEC's Public Reference Room, located at 100 F Street,
NE, Washington, D.C. 20549 or on the SEC's website at
http://www.sec.gov. The registration statement is preliminary and
subject to completion, and should not be relied on unless and until it
becomes final. This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities.
Altria Group, Inc. Profile
As of June 30, 2007, Altria Group, Inc. owned 100% of Philip
Morris International Inc., Philip Morris USA Inc. and Philip Morris
Capital Corporation, and approximately 28.6% of SABMiller plc. The
brand portfolio of Altria Group, Inc.'s tobacco operating companies
includes such well-known names as Marlboro, L&M, Parliament and
Virginia Slims. Altria Group, Inc. recorded 2006 net revenues from
continuing operations of $67.1 billion. Trademarks and service marks
mentioned in this release are the registered property of, or licensed
by, the subsidiaries of Altria Group, Inc.
CONTACT: Altria Group, Inc.
Nicholas M. Rolli, 917-663-3460
SOURCE: Altria Group, Inc.
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