Philip Morris Says Affiliate Purchased 11.3M Shares of Medicago, Shares Represent ~4.13% Stake
September 18, 2013 at 09:33 AM EDT
Philip Morris International Inc. (NYSE: PM ) announced today that Philip Morris Investments B.V. (PM Investments), an affiliate of PMI, as part of the previously announced arrangement of Medicago Inc. (Medicago), made on July 12, 2013, acquired 11,348,266 common shares of Medicago for a consideration of CAD $13,163,989. The 11,348,266 common shares were acquired