Hedge funds said to amass large stakes in Swedish Match to pressure Philip Morris Intl

Sep. 14, 2022 10:44 PM ETSwedish Match AB (SWMAF), PM, SWMAYBy: Joshua Fineman, SA News Editor4 Comments

Facade of a Swedish Match shop..

Trygve Finkelsen/iStock Editorial via Getty Images

Several large hedge funds have taken stakes in Swedish Match (OTCPK:SWMAF) as they try to pressure Philip Morris International (NYSE:PM) to increase its $16 billion offer for the smokeless tobacco company.

Davidson Kempner

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