Philip Morris Closes Nabisco Holdings Acquisition

 

Philip Morris(MO Quote) closed the acquisition of Nabisco Holdings(NA Quote).

Philip Morris, which is based in New York, bought Nabisco for $55 a share and will assume about $4 billion of the company's debt.

Shares of Philip Morris were recently trading down 75 cents, or 1.9%, to $38.88 in New York Stock Exchange composite trading.

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