Philip Morris Enters Agreement with Mitsubishi Tanabe Pharma to Privatize Medicago

Philip Morris International Inc. (NYSE: PM ) announced today that Philip Morris Investments B.V. (PM Investments), an affiliate of PMI, entered into a Funding and Cooperation Agreement with Mitsubishi Tanabe Pharma Corporation (MTPC), a Japanese pharmaceutical company, to privatize Medicago Inc. (Medicago). If the proposed privatization is completed, the