Tuesday, June 26, 2007

Corrected: Altria to close plant, move production

(Reuters) - The move also further separates operations between the company's Philip Morris USA and Philip Morris International tobacco businesses at a time when Altria has said it is considering a spinoff its international business.




The plan will cost about $675 million by 2011 for accelerated depreciation, severance, relocation and other items, the parent company of Phillip Morris USA and Philip Morris International said.


Read more at Reuters.com Business News

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