Altria Tells FTC Judge Juul Deal Not Meant To Cut Competition

By Matthew Perlman (June 2, 2021, 9:35 PM EDT) -- In the kickoff of an administrative trial on antitrust claims, tobacco giant Altria Group Inc. told a Federal Trade Commission judge Wednesday that it bought a $12.8 billion stake in electronic cigarette company Juul Labs Inc. because its own smoking alternatives were unsuccessful and not to avoid competition....

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