AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Philip Morris battles to buy a medical inhaler company
FT News Briefing
Victoria Is Now Ripe for the Picking for Philip Morris
2min Snip
00:00
Summary
Transcript
Episode notes
K carlyle has now stepped back from the bidding wart. Does this mean that victoria is now ripe for the picking for philip morris? It certainly puts philip morris in a stronger position than before, but it doesn't necessarily mean that the game is over just yet. Private equity is trying to take the moral high ground in this transaction and say, yes, we can't pay as much money as big tobacco would pay to own this company,. But we should still be allowed to buy it anyway, because we are the better owner. That's an interesting which, you know, deals don't very often come down to that type of conversation.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode