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Philip Morris spinoff complete

From Times Wire Services

Altria Group Inc. completed its spinoff of Philip Morris International.

Shareholders in Altria got one share of the international company for each one they owned March 19, Altria said.

Altria Chief Executive Louis Camilleri takes charge of Philip Morris International as it prepares to boost sales of Marlboro, the world’s top-selling brand, in China this year.


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