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Philip Morris formally starts tender offer for Vectura after bidding war

Aug. 16, 2021 2:15 PM ETVectura Group plc (VEGPF) Stock, PM Stock, CG StockBy: Joshua Fineman, SA News Editor8 Comments

PHILLIP MORRIS
Chris Hondros/Hulton Archive via Getty Images

  • Philip Morris International (NYSE:PM) published a tender offer for its planned purchase of Vectura Group (OTCPK:VEGPF) after Vectura's board formally endorsed the bid over a rival offer from Carlyle Group (NASDAQ:CG).
  • Vectura's bid

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