PMI chief executive Jacek Olczak
BENGALURU: Cigarette maker Philip Morris (PMI) has clinched the roughly 1-billion-pound takeover of inhaler maker Vectura after winning the backing of about 75% of shareholders in the British company, part of its expansion beyond tobacco.
Vectura shareholders had until Sept. 15 to decide whether to support the 165 pence-per-share bid from PMI, which sought to buy the London-listed asthma drug maker as part of its plan to go "smoke-free" and switch to healthcare and wellness products.
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