Philip Morris (NYSE:PM) says it will buy out the 20% of its Mexican subsidiary it doesn't own...

Philip Morris (NYSE:PM) says it will buy out the 20% of its Mexican subsidiary it doesn't own from Carlos Slim's Grupo Carso for an estimated purchase price of $700M. The deal will close in September subject to Mexican regulatory approval and will be "marginally accretive" to Q4 earnings. (PR)