UK Takeover Panel Sets Auction For £1B Inhaler Co. Vectura

By Benjamin Horney (August 9, 2021, 6:09 PM EDT) -- The U.K.'s regulatory panel responsible for mergers and acquisitions said Monday Philip Morris and a Carlyle-led consortium will have the chance to go head-to-head in an auction for Vectura Group that could value the British inhaler maker at £1.02 billion ($1.42 billion) or more....

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