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UK Inhaler Maker Spurns Philip Morris For £958M PE Takeover

By Benjamin Horney (August 6, 2021, 5:08 PM EDT) -- A Carlyle Group-led group has reached a £958 million ($1.33 billion) agreement to buy U.K.-based inhaler developer Vectura Group, the companies said Friday, and the target is calling off a previously inked sale to tobacco giant Philip Morris as a result....

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