The united states trade watchdog said Wednesday it had sued Altria and Juul more than a $12.8 billion e-cigarette deal which presumably breached laws that are antitrust.
In accordance with the Federal Trade Commission (FTC), the firms produced sequence of agreements that eliminated competition surrounding tobacco giant Altria’s purchase of the 35 per cent stake in Juul, the once high-flying vaping brand name.
“for a long time, Altria and Juul had been rivals searching for closed-system e-cigarettes,” the FTC stated in a declaration announcing it had filed an administrative issue against the set. Read more