14 Apr US Trade Watchdog Sues Over $13 Bn Altria-Juul Vaping Deal
The usa trade watchdog stated Wednesday it had sued Altria and Juul over a $12.8 billion e-cigarette deal which presumably breached antitrust rules.
Based on the Federal Trade Commission (FTC), the firms produced string of agreements that eradicated competition surrounding tobacco giant Altria's purchase of a 35 % stake in Juul, the once high-flying vaping brand name.
"for quite a while, Altria and Juul had been competitors searching for closed-system e-cigarettes," the FTC said in a declaration announcing it had filed an administrative problem against the pair.